Improving financial literacy is high on the agenda of many governments. The purpose of this paper is to broaden the theoretical approach towards the concept of financial literacy. The paper introduces and integrates several consumer behavior and marketing concepts to better understand how they...

This article calls attention to the Department of Labor's imposition of the “prudent investor rule” on financial advisers to retirement savers. The article also canvasses the customary role of an investment policy statement in promoting compliance with the prudent investor rule by...