Donald Trump has begun his campaign to deregulate financial services by pledging to undo reforms designed to protect Americans' retirement money from 'conflicted' financial advice.
On Friday the US president signed an executive order to review the so-called "fiduciary rule", which was due to take effect in April this year. The rule requires financial advisers who handle retirement accounts to act as "fiduciaries", meaning they have to put the best interests of their clients first. It has been publicly opposed by Trump's small business adviser Anthony Scaramucci, who sees it as 'regulatory overreach'. White House press secretary Sean Spicer said: "The rule's intent may be to have provided retirees and others with better financial advice, but in reality its effect...
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