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New US Rule Will Protect Citizens Saving for Retirement

The Obama administration announced the release of a long-anticipated rule Wednesday regarding how the financial industry gives retirement savings advice to clients. The plan includes more concessions to brokers than what was originally proposed six years ago, in an effort to make it less disruptive to current operations. The fiduciary rule targets brokers and financial advisers who promote retirement plans that may not necessarily reflect the clients' best interests, but instead...

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