CFP Board Urges DOL To Rewrite Alt-Investment Rule For 401(k)s

CFP Board has urged the Labor Department to revise and reissue its proposed rule on selecting alternative investments in 401(k) plans, warning it could weaken ERISA protections as Wall Street seeks greater access to retirement assets. Erin Koeppel, CFP Board’s Managing Director of Government Relations and Public Policy Counsel, said the rule should strengthen participant safeguards without turning fiduciary prudence into a check-the-box exercise.

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