Investment Professionals

CFA Statement in Support of Department of Labor Proposal to Strengthen Protections for Retirement Savers

Consumer Federation of America expresses strong support for the package of rule changes and exemptions proposed by the Department of Labor (DOL) to strengthen protections for retirement savers. The rule proposal addresses a very real problem involving self-interested retirement investment advice, curbs industry practices that eat into Americans’ retirement nest eggs, and does so in a way that should allow well-meaning financial professionals operating under a variety of business models to comply.