Conflicting Advice: Who Should Help Workers With
Wall Street Journal (08/29/00) Vol. 104, No. 34 p.A1; Tejada, Carlos

Rep. John Boehner (R-Ohio) has sponsored a bill that would loosen restrictions on employers offering workers investment advice. Supporters of the idea hope that employers will offer advice as a perk, and they complain about the lack of easily available investment advice for employees. However, the Labor Department, the AFL-CIO, and third-party investment-advice firms say that employees could be guided to funds that charge high fees.

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