In the News

Title

Brokers giving retirement advice must prioritize clients' best interests, new rules say

Document Type

Article

Publication Date

4-10-2016

Abstract

Jamie Hopkins, who teaches retirement-investing classes for advisers at the American College of Financial Services in Bryn Mawr, Pa., says the Labor Department's final rule addressed some of firms' biggest gripes about earlier versions.

"People are being cajoled into moving their money out of a relatively low-priced, well-regulated part of the retirement system and into a relatively unregulated, high-cost part", she said in a telephone interview.