DOL Urged To Update Guidance On 401(K)s For Ex-Employees

Law360, New York (April 4, 2013, 7:18 PM EDT) -- Lawmakers on Wednesday urged the U.S. departments of Labor and the Treasury to issue new guidance to protect 401(k) participants when they leave an employer, citing a recent U.S. Government Accountability Office report finding that workers often receive misleading marketing information.

Sens. Tom Harkin, D-Iowa, and Bill Nelson, D-Fla., and Rep. George Miller, D-Calif., released the GAO investigation publicly Wednesday and fired off a letter to the Labor and Treasury departments, calling on the agencies to protect consumers from deceptive marketing and to establish uniform standards...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.