President Biden Remarks on Protecting Retirement Security
President Biden announced the Labor Department’s new retirement security rule proposal, which aims to eliminate loopholes and “junk fees” an… read more
President Biden announced the Labor Department’s new retirement security rule proposal, which aims to eliminate loopholes and “junk fees” and require financial advisers to have a fiduciary duty to their client when giving retirement advice. “When you pay someone for retirement advice, they must give you advice that’s in your best interest, not whether it gives them the best pay day,” said President Biden. He delivered remarks from the White House and was joined by acting Labor Secretary Julie Su and AARP CEO Jo Ann Jenkins. close
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- Jo Ann Jenkins Chief Executive Officer AARP
- Julie Su Acting Secretary Department of Labor
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