Death of Fiduciary Rule Puts Consumers Back in Limbo, Planning Groups Say

A recent court decision vacating the 2024 fiduciary rule has ended a prolonged regulatory fight but has done little to reduce confusion for retirement savers or advisors. Erin Koeppel, Managing Director of Government Relations and Public Policy Counsel at CFP Board, warned that reverting to a decades old standard leaves a significant regulatory gap that fails to reflect how Americans receive retirement advice today and exposes consumers to conflicts of interest.

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