Plan sponsor groups take aim at financial literacy proposal
Financial education is not for everyone. That's the best way to sum up the reaction of plan sponsor groups and record keepers to a proposal aimed at tackling the issue of financial illiteracy among retirement plan participants.
"I always liked the idea of people knowing more about finances, but the question is how do you get them to do that?" said Diann Howland, vice president for legislative affairs at the American Benefits Council in Washington.
The proposal - written by researcher...