Retirement Regulation

This guidance is welcome relief for plan sponsors who need to reduce or suspend employer contributions under these plans.

19 groups argue that private equity options are high cost, complex and often underperform.

The rule would allow retirement advisors to receive a wider variety of payments.

A law firm the CFPB had been investigating brought suit saying the agency's structure was unconstitutional.

"We are incredibly disappointed that the courts have ... allowed Regulation Best Interest to stand," said Michael Kitces of XY Planning Network.

The proposal reverses Obama-era guidelines allowing retirement plans to consider the social impact of investments.