Labor Union Blog

New rules were unveiled Friday that Vice-President Joe Biden hopes will protect the retirement savings of U.S. workers. One of the rules would prevent retirement advisers from steering workers into funds that they have a vested interest in unless they are working off of a certified unbiased computer model. The goal is to limit conflicts of interest that may undermine reliability of investment advice. A second rule is aimed directly at protecting retirement plans reached via collective bargaining agreements.

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