When the Obama administration released its new investing regulations aimed at protecting retirement savers from conflicted advice, its name – "fiduciary rule" – doubtless flummoxed some.
But behind the clunky term are new standards that could give you clearer information when making decisions about your retirement nest egg.
The final phase of the rule doesn't take effect until Jan. 1, 2018, and it will doubtless face criticism and attempts to change it before then. Among other things, some financial services associations say the rule may force them to stop serving smaller investors — a claim disputed by the rule's supporters.
Nonetheless, now that it's out, here are some things you need to know: