Retirement Security Rule Protects Workers’ Savings, Biden Administration Announces
Washington, D.C. – The Biden-Harris administration has recently announced significant changes to the Retirement Security Rule to protect the interests of millions of workers diligently saving for retirement. The U.S. Department of Labor finalized the rule with updates to the definition of an investment advice fiduciary, underlining the importance of providing reliable and honest guidance to retirement savers. Under the new rule, trusted investment advice providers are required to offer prudent and loyal recommendations, free …