Fiduciary standard

Let's have a robust discussion about how to improve outcomes for clients, but let's stop inventing bogus reasons why we shouldn't look after their best interests.

Over 75,000 advisors in the U.S. will be affected by what is expected to be the most significant version of CFP standards to date.

New standards for advisors cover digital advice, third-party relationships and expand fiduciary duty obligations.

The department is asking the Office of Management and Budget to postpone the compliance date for 18 months for the best interest contract exemption and other aspects of the rule.

Class-action lawsuits inspired by the DoL regulation “may go away,” says a prominent ERISA attorney.

A new bill would go further than past attempts to block the Labor Department altogether.

Expanding the fiduciary role of CFPs is a good thing — but the fine print is worth sweating.

Some advisers are actually embracing changes by making the rules work for them.

Some predict the new standards will push more planners to drop their CFPs.

The move comes the same week that the SEC said it would try to coordinate with the Labor Department on the regulation.