The Derivative Project
Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brilliant – Part I

Yale Professor Ayres’ Proposed DOL Financial Sophistication Test is Brilliant – Part I

Yale Professor Ian Ayres has the solution for any retirement investor that might dare to opt-out of a poorly performing 401k plan default option and seek to select an investment that is in his or her best interest. ┬áHere is the link to his proposal, in a February 2014 white…