The DOL issues its report to Congress on the availability of computer modeling as a mechanism of investment advice for IRAs.
Document Excerpt
This report regarding the availability of computer model investment advice programs for an Individual Retirement Account or similar plan (hereinafter, an IRA) is being submitted to the House of Representatives Committee on Ways and Means, the House of Representatives Committee on Education and Labor, the Senate Committee on Finance, and the Senate Committee on Health, Education, Labor and Pensions pursuant to section 601(b)(3)(B) of the Pension Protection Act of 2006 (the PPA), Public Law 109-280, 120 Stat. 965.
Link http://www.dol.gov/ebsa/publications/reporttocongress.html
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