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Other sister agency. Its a meritorious move. You said is, quote, good people operating in a flawed system. Would you explain that . Sure. There is a misalignment between the incentives that a person giving advice has and the best interest of the consumer. So, for instance, again, getting back to the tofels, if you have four or five different products under the current suitability rule that are suitable and product the first product, the variable annuity generates 26,000 a year in fees and another product, which would have a comparable return has a fraction of those fees, you have per verse inc...

All that would have otherwise gone toward retirement in addition to any pension plan they had but isnt available any more. We know that workers are not saving enough for their retirement. We know, as youve outlined, there has been a real shift from defined benefit to defined contribution plans. And that shift puts more responsibilities on workers shoulders to manage risks and to manage the decisions. Oftentimes without having investment expertise. Youve actually covered a lot of trt that i hope to cover territory that i hope to cover in my questions with you. In particular, about how workers w...

Of time were going to go ahead and get started. Todays hearing is about the issue of suicide. As many people in the room know, this month in america is National Suicide Prevention Month across the country. Suicide is a terrible, terrible, terrible loss, and wasteful loss of life. And preventible loss of life. I think john will remember when we first came in as a committee three years ago, our first bill that we passed was the clay hunt Suicide Prevention bill. It passed this committee 990. And we asked the secretary and the other members of the v. A. Here today to give us any report they might...

Experienced the worst flooding in the history of the country. Which has experienced. There are a number of updates in the Harvey Weinstein scandal. Police in the us and uk have launched an investigation into allegations against him, including allegations of nonconsensual sex which are unequivocally denied by him. And we know that the number of accusers has grown to more than 30 actresses, including kate beckinsale. More people have been speaking about his behaviour. Here is Emma Thompson with the bbcs emily maitlis. Behaviour. Here is Emma Thompson with the bbcs emily maitlisli didnt with the ...

Administration, cash sunscene, talked about his new book. Representatives from twitter, facebook and google testified before congress tuesday. As to russias influence on the 2016 elections. On wednesday, two hearings, live on cspan3, 9 30 achl eastern the Senate Intelligence committee. At 2 p. M. , hear testimony from sean edgette of twitter and kent and walker, general counsel for google. Watch them live, online or listen live on the free cspan radio app. A panel of healthcare policy officials shared their views on lowering costs while trying to maintain quality. Topics included changes in pa...