Tuesday, January 31, 2006
Congress Is Split On 401(k) Advisers
Congress wants to make it easier for financial professionals to advise employees on their investment choices in 401(k) plans -- but can't yet agree on how.
With employers moving away from fixed-benefit pensions that give employees no investment choices toward fixed-contribution 401(k)s that sometimes give them dozens of choices -- usually mutual funds -- the fund industry has long argued that employees need help to make sound decisions.
Congress Is Split On 401(k) Advisers
Source: Wall Street Journal (subscription required)
With employers moving away from fixed-benefit pensions that give employees no investment choices toward fixed-contribution 401(k)s that sometimes give them dozens of choices -- usually mutual funds -- the fund industry has long argued that employees need help to make sound decisions.
Congress Is Split On 401(k) Advisers
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 1:13 PM 
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