I’m talking about a rule change from the late Obama era intended to reduce conflicts of interest between financial advisers and their clients saving for retirement. Most people are unaware that any such conflicts exist, but they do, and at significant costs to retirement savers. Last Friday, the Trump administration signed an executive order designed to undermine the rule before it takes effect. Washington Post National Affairs Correspondent, Juliet Eilperin, explains what the White House hopes to achieve by rolling back the Fiduciary Rule. Yes, repealing the fiduciary rule is inconsistent with his alleged campaign against financial market abuses.

Source: Washington Post February 06, 2017 11:01 UTC