Tuesday, June 19, 2007
Industry Battle Over 401(k) Risk
The idea seemed simple enough: Make it easier for companies to automatically enroll workers in 401(k) plans and other retirement vehicles.
But the effort to turn that idea into federal policy has set off a high-stakes dispute between the insurance industry and mutual funds over where to steer billions of dollars in future investments.
The conflict has drawn in prominent members of Congress, slowed efforts at the Department of Labor to produce a final rule and even prompted a last-minute bid by worried insurers to appeal their case to the White House.
Industry Battle Over 401(k) Risk
Source: LA Times
But the effort to turn that idea into federal policy has set off a high-stakes dispute between the insurance industry and mutual funds over where to steer billions of dollars in future investments.
The conflict has drawn in prominent members of Congress, slowed efforts at the Department of Labor to produce a final rule and even prompted a last-minute bid by worried insurers to appeal their case to the White House.
Industry Battle Over 401(k) Risk
Source: LA Times
Permalink posted by armandn @ 10:38 AM 
 |
 |  |
  |
