New retirement rule will help protect retirement savings of Americans already struggling to save

The Biden-Harris administration recently announced a finalized retirement rule that will help individuals save for retirement. The Retirement Security Rule updates the definition of fiduciary, a financial manager that follows a certain code of ethics.

The amended definition requires financial managers to have set policies that guide them in advising individuals. These policies instruct professionals to provide prudent, loyal and honest advice without hefty fees.

"America’s workers...