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Labor Department Head Pushing Ahead with Fiduciary Rule
Labor Secretary Thomas Perez says he will continue to push for a fiduciary standard for retirement plan advisors even though Republicans and moderate Democrats are concerned that the rule could harm low-income individuals. So reports The Hill.
Rep. Ann Wagner (R-Mo.) recently contacted him to express her concerns over the proposed rule and he has responded by saying that the Labor Department will move forward with adopting a fiduciary requirement.
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