Department of Labor, Employee Benefits Security Administration: Investment Advice--Participants and Beneficiaries
GAO-09-345R: Feb 9, 2009
- Full Report:
GAO reviewed the Department of Labor's (DOL) new rule on investment advice. GAO found that (1) the final rule implements part of the Pension Protection Act of 2006 to permit a broader array of investment advice providers to offer their services to participants and beneficiaries responsible for investment of accounts in their individual accounts and, accordingly, for the adequacy of their retirement savings; and (2) DOL complied with applicable requirements in promulgating the rule.