What feedback, concerns, and recommendations does Vanguard have for the U.S. Department of Labor as the fiduciary rule moves forward? Vanguard CEO Bill McNabb discusses five focus areas.
The U.S. Department of Labor’s new fiduciary rule promises a more transparent financial planning environment. Advisors to retirement plans, plan fiduciaries, or individual retirement investors, however, may need to learn some new moves.
In the decade since the Pension Protection Act was enacted, the retirement industry has come a long way—but there’s still more to be done. Vanguard’s head of Government Relations explains how a “PPA 2.0” could further help Americans successfully prepare for retirement.