Sen. Harkin to DOL: Hold Retirement Plan Advisors to Strict Fiduciary Rules
Sen.Tom Harkin, D-Iowa, chairman of the Committee on Health, Education, Labor and Pensions, is urging the DOL to hold retirement plan advisors to the highest fiduciary standards.
New Legislation May Lower Student Loan Interest Rates
The College Student Relief Act of 2007 (HR 5), introduced by Rep. George Miller (D-California) with 211 cosponsors, would modify the Higher Education Act of 1965 by cutting in half the fixed interest rates on need-based Stafford loans for undergraduates over a five-year period. The bill passed the House on...
NASAA Opposes ERISA Rules Change
WASHINGTON (HedgeWorld.com)--With different versions of a bill to reform pensions having passed in the House and the Senate, members from both sides are meeting in a conference committee to hash out their differences. It is in the negotiations of that committee that the North American Securities Administrators Association Inc. hopes...