Chester County Briefs: Bill McNabb Responds to U.S Department of Labor Move on Retirement Savings

By
Vista Today Bill McNabb Chester County Business News
Vista Today Bill McNabb Chester County Business News
Bill McNabb---Photo via Bloomberg.

Vanguard’s CEO Welcomes New Efforts to Revise Advice Rule on Retirement

After Vanguard criticized the previous version, Chief Executive, Bill McNabb, said last week that he was encouraged by the steps taken by the U.S. Department of Labor to make the new rules on retirement savings advice “more workable.” The final version, which was unveiled by the Obama administration on Wednesday to a mixed response, ensures broker-dealers put the interests of their clients ahead of their own profits and appears less onerous than before.

Tom Musser Honored by Chester County Economic Development Council

Tom Musser, co-founder of the Tri-M LLC in Kennett Square, was inducted into the county Hall of Fame by the Chester County Economic Development Council on April 7th, during its annual gathering held at the Phoenixville Foundry. You can read our piece interview with Musser Here.

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