But the problem for the new Archbishop is that on this sort of non-spiritual, fiduciary issue, his authority is rather less than that of the officers of the state.

BBC: Holy pension hole

Pension consultants have, regardless of any statements to the contrary, a fiduciary duty to their clients. (It is remarkable to us that many consultants will still seriously debate the issue of fiduciary liability.) They exert tremendous influence over the investment performance of the funds they advise arguably the greatest of any provider of investment services to pensions.

FORBES: The Heat is On Pension Consultants (May 2, 2004 )

Increasingly sophisticated clients are stipulating fiduciary status in their contracts but the issue is still hotly contested.

FORBES: International Campaign to Eliminate Pension Consultant Abuses (November 2, 2004 )

There has been a great deal of pushback from the brokerage industry over the issue of creating a uniform fiduciary standard for all advisors.

FORBES: What Every Client Needs To Know, But Didn't Know To Ask

Of the latter issue, the Institute for the Fiduciary Standard is rightfully concerned that the SEC will water down this important rule to afford brokers more protection than investors.

FORBES: Let's Sue Wall Street: SEC's Aguilar

The other issue raised by this union bullying concerns fiduciary responsibility.

WSJ: Review & Outlook: Randi Weingarten's Pension Veto

The fiduciary standard of care is possibly the single most important issue to clients seeking the services of a financial professional.

FORBES: What Every Client Needs To Know, But Didn't Know To Ask