“Ensuring Hardworking Americans Retire with Dignity”
From the White House weblog:
In this week’s address, the President reiterated his commitment to middle-class economics, and to ensuring that all hardworking Americans get the secure and dignified retirement they deserve.
While most financial advisers prioritize their clients’ futures, there are some who direct their clients towards bad investments in return for back-door payments and hidden fees. That’s why, earlier this week, the President announced that he is calling on the Department of Labor to update rules to protect families from conflicts of interest by requiring financial advisers to put their clients’ best interest before their own profits.
The President emphasized his promise to keep fighting for this policy and for others that benefit millions of working and middle-class Americans.
Click below to listen to the audio only:
Transcript after the break.