In his testimony before the House subcommittee on Health, Employment, Labor and Pensions, Secretary of Labor Thomas Perez reiterated his commitment to finalizing a workable fiduciary rule.
Doing so will require continued input from a broad range of stakeholders, said Perez, in order to "operationalize" the uniform fiduciary standard laid out in the DOL's proposal.
Perez's leadership has been a welcomed improvement, as demonstrated by a continued willingness to work with the Committee on Education and Workforce on a range of issues, according to subcommittee member Rep. Joe Courtney, D-Connecticut.
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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.
