Jamie Kalamarides, Prudential Retirement, shakes hands with Phyllis Borzi, DOL Assistant Secretary during Opportunities for Savings Hearing in Washington on Mar. 7, 2012. (AP photo/Jose Luis Magana)

The new rules were supposed to come sooner. Instead, it looks as if it will take yet more work, including a mix of intense lobbying, delicate negotiations and some more nail-biting, before Americans enrolled in retirement plans can be assured the investment advice they receive is delivered with their best interest in mind.

That, at least, is what appears to be the case, based on votes in Congress last week and the latest word from regulators that they’re once more running behind in formulating new fiduciary standards.

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