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U.S. Rule to Protect Retirement Savers Dies Quietly

  • Deadline passes for administration to defend fiduciary rule
  • SEC weighing its own approach for putting clients first
Not Prepared for Retirement? Here’s a Solution: Don’t Retire
Photographer: Michele Limina/Bloomberg

The “fiduciary rule” is officially dead.

The Labor Department rule, conceived by the Obama administration, was meant to ensure that advisers put their clients’ financial interests ahead of their own when recommending retirement investments.