AARP Challenges Court Ruling Vacating Labor Department Fiduciary Rule

AARP said it is challenging a March ruling by a federal appeals court that vacated the U.S. Department of Labor fiduciary rule, reports Politico Pro . In a motion to be filed Thursday at the 5th Circuit Court of Appeals, AARP is asking for permission to intervene in the case and for the court's full panel of judges to reconsider the three-judge decision handed down March 15. "AARP is not giving up on our fight to make sure that hard-earned retirement savings have strong protections from conflicts and hidden fees," said Nancy LeaMond, the group's chief advocacy and engagement officer. "The recent court decision allows some financial advisers to provide guidance based on what's best for their pocketbooks, not the consumers."