Speaking before the Independent Insurance Agents and Brokers of America annual convention in Washington, House Majority Leader John Boehner (R-Ohio) assured insurance agents that a pension reform bill is coming, and when it does it will allow them to offer 401(k) advice "in some form," according to a report in the National Underwriter.

Insurance companies, which provide significant funding to defined benefit plans, have lobbied for legislation that would allow for automatic enrollment for new employees in 401(k) plans, long term care riders to annuities, and allow agents to offer investment counseling in cases where the insurance company they represent administers another company's 401(k) plan.

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