Commentary: Labor proposal threatens retirement investment plans

  The Department of Labor’s proposed fiduciary standard for financial professionals who are compensated for providing retirement savings advice would leave many small-business employees unable to save for retirement, writes Rep. Earl “Buddy” Carter, R-Ga. “By far the scariest consequence of the DOL regulation is how it would curtail access to retirement education for middle class savers and potential savers who would benefit most from one-on-one advice,” Carter writes. The Hill (8/14)