The Affordable Retirement Advice for Savers Act, which would repeal the Labor Department’s fiduciary rule and replace it with a disclosure-based best interest advice standard, passed out of the House Committee on Workforce and Education on a party line vote.
It now moves to a full floor vote in House.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
