Thursday, July 20, 2006

Pension Reform

Here's an article from CNNMoney about pension reform legislation that is working it's way through Congress. This caught my eye:

"The legislation also might allow 401(k) providers to offer investment advice to plan participants. Negotiators until Wednesday were still discussing how this change could be implemented without creating a conflict of interest."

Without creating a conflict of interest? I don't think that's possible, but I'm sure the mutual fund company lobbyists will find a way to convince our representatives that they can. Hmmm, how could they convince them.....?

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