By Porter Wright on Phyllis Borzi, Assistant Secretary of the Employee Benefits Security Administration ("EBSA") and one of the founding members of the Worldwide Employee Benefits Network ("WEB") paid a visit to WEB's Cleveland Chapter yesterday. One of the issues she addressed was the status of the retirement plan service provider disclosure regulations. … Continue Reading
By Porter Wright on The Department of Labor's Employee Benefits Security Administration (EBSA) has put the brakes on its proposed rule on the definition of a fiduciary, which was slated to become final in the near future. EBSA's goal for the regulatory change was to ensure that potential conflicts of interest among financial advisors would not compromise the quality of investment advice to individuals.… Continue Reading
