Government Watch 2014 Financial Security and Consumer Affairs Archive
Government Watch 2014 Financial Security and Consumer Affairs Archive Advocacy
The following documents related to consumer affairs and the financial security of people 50-plus are presented in reverse chronological order.
July L: On July 20, 2015 AARP filed comments with the U.S. Department of Labor concerning the proposed Conflict of Interest rule, supporting the protection of over 82 million households who are counting on employer-sponsored plans, Individual Retirement Accounts (IRAs), or both, for their retirement security. In order to better ensure these families will have adequate income in retirement, investors need to know that the retirement advice provided by financial service professionals is in their sole interests.. L: On July 20, AARP filed comments with the U.S. Department of Labor concerning the Best Interest Exemption. The proposed exemption would provide conditional relief for financial entities that are fiduciaries by reason of the provision of investment advice to receive compensation when participants and beneficiaries, IRA owners, and small plans purchase, hold or sell investment products in accordance with the fiduciaries’ advice. The Department proposed this exemption in connection with the publication of its proposed regulation under ERISA section 3(21)(A)(ii), which defines who is a fiduciary of an employee benefit plan as a result of the provision of investment advice to a plan or its participants or beneficiaries. Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures
2015 Archives Financial Security and Consumer Affairs
AARP correspondence to lawmakers and regulators
Government Watch Archive Legend
L = letter C = comment S = statement for the recordThe following documents related to consumer affairs and the financial security of people 50-plus are presented in reverse chronological order.
July L: On July 20, 2015 AARP filed comments with the U.S. Department of Labor concerning the proposed Conflict of Interest rule, supporting the protection of over 82 million households who are counting on employer-sponsored plans, Individual Retirement Accounts (IRAs), or both, for their retirement security. In order to better ensure these families will have adequate income in retirement, investors need to know that the retirement advice provided by financial service professionals is in their sole interests.. L: On July 20, AARP filed comments with the U.S. Department of Labor concerning the Best Interest Exemption. The proposed exemption would provide conditional relief for financial entities that are fiduciaries by reason of the provision of investment advice to receive compensation when participants and beneficiaries, IRA owners, and small plans purchase, hold or sell investment products in accordance with the fiduciaries’ advice. The Department proposed this exemption in connection with the publication of its proposed regulation under ERISA section 3(21)(A)(ii), which defines who is a fiduciary of an employee benefit plan as a result of the provision of investment advice to a plan or its participants or beneficiaries. Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures