Labor Department could ease fiduciary liability for CFOs

01/21/2012 |

Chief financial officers who oversee retirement plans could see their personal liability reduced under a rule expected from the U.S. Labor Department this year. The rule would redefine the term "fiduciary" for the purposes of 401(k)s and other plans under the Employee Retirement Income Security Act. The rule, which was proposed last year, is undergoing revisions as the result of public comments.

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