The Biden Fiduciary Rule Is Dead. What Comes Next?

With federal courts overturning the Biden administration’s Retirement Security Rule, opponents support reverting to ERISA standards that largely limit fiduciary duty to ongoing advice, a change Erin Koeppel, Managing Director for Government Relations and Public Policy at CFP Board, says leaves a significant regulatory gap. CFP Board has enforced fiduciary rules since June 2020 requiring its more than 107,000 CFP® professionals across all industry channels to adhere to a fiduciary duty for every type of advice.

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