Faculty Publications

Title

New Department Of Labor Retirement Standard Creates Opportunity For Millennials

Document Type

Article

Publication Date

7-13-2016

Abstract

As the Department of Labor’s fiduciary rule was being passed into law earlier this year, thousands of people voiced their opposition to a rule designed to improve the retirement security of Americans by improving investment advice from financial advisors. Opponents feared that the new rule would stifle business, increase compliance costs dramatically, push companies out of the business, and further curtail affordable advice to low and middle income America.