Borzi

"Given the rise in participation in 401k-type plans and IRAs, the retirement security of millions of America's workers increasingly depends on their investment decisions," said Phyllis Borzi, the assistant secretary of the Labor Department's Employee Benefits Security Administration, which issued the rule.

Rule Eased on Advice to Workers on 401(k)s Melanie Trottman 2011

The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401 (k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.

Coyote Blog » Blog Archive » Forced Loans 2010

In response, Ms. Borzi said in an email Wednesday that it is "hard to believe that a rule designed to protect employers and workers from conflicted investment advice would cause the entire financial industry to voluntarily walk away from a multitrillion-dollar market."

Labor Pains Wall Street Aaron Lucchetti 2011

"Participants will be able to understand the dramatic effect fees play in the returns that they get," Assistant Secretary of Labor Phyllis Borzi said.

401(k) plans will have to disclose fees Margaret Collins 2010

I respectfully hope that Assistant Secretary Phyllis Borzi will relaunch this process in a collaborative way with appropriate study and coordination with other agencies, the SEC included.

Please Don't Make Something Worse That Is Working 2011

Mr. Brown's case was cited at Tuesday's hearing by Ms. Borzi, the Labor Department official, as an example of why more regulation is needed.

Labor Pains Wall Street Aaron Lucchetti 2011

Ms. Borzi said the Labor Department isn't backing down.

Labor Pains Wall Street Aaron Lucchetti 2011

"We've had nearly 40 years of experience in our own enforcement activities to identify the problem," Ms. Borzi said.

Labor Pains Wall Street Aaron Lucchetti 2011

"The regulation is broken," Phyllis Borzi , an assistant Labor secretary, said in an interview.

Labor Pains Wall Street Aaron Lucchetti 2011

Your editorial "The Borzi Savings Bomb" Aug. 12 on the Labor Department's proposed regulations for brokers, advisers and others in the retirement-savings industry is right on the mark.

Please Don't Make Something Worse That Is Working 2011