The Biden administration has confirmed its crackdown on retirement plan 'junk fees' which could help boost around 5 million workers' savings.Under a new rule outlined by the US Department of Labor today, Americans will have more protections when they roll over money from a 401(K) into an individual retirement account (IRA).Agency officials said the final rule, which takes effect on September 23, will ensure financial advisors, brokers and insurance agents work in the best interests of their clients.
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