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DOL's Retirement Advice Rule: Helping or Harming Sound Retirement Planning? (PDF)
American Council for Capital FormationLink to more items from this source
Nov. 25, 2015
15 pages. "According to research, including prior analysis issued by the DOL, the value of financial advisers could be more than the cost of conflicted advice envisioned by both the [Council on Economic Advisors] and DOL. Other widely cited potential consequences of the re-proposed rule include: [1] Cost increases and decreased access to financial advice especially for low and moderate income individuals; [2] Increased leakage of assets during job changes; [3] Decreased access to workplace retirement for small businesses; [4] Limits to investment education. When these potential consequences are quantified, one analysis shows that the re-proposed rule could decrease retirement savings between $68 and $80 billion each year."

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