“Perhaps the continued confusion can be expected given that the term ‘best interest’ is not defined in Reg BI and the word ‘fiduciary’ is not used in defining the new standard. It makes it harder to understand.”
Tag "Tamar Frankel"

We hold these fiduciaries to be self-evident… This is not the beginning of the end, it is the end of the beginning…
The DOL changed the original ERISA definition of Fiduciary to exempt marginal players. Those players are no longer marginal.
Let’s recognize the researchers, scholars, policymakers, regulators and tireless advocates who work to advance fiduciary principles.