WASHINGTON, D.C. – The Insured Retirement Institute (IRI) is encouraged by the inclusion of lifetime income strategies in the proposed Fiduciary Duties in Selecting Designated Investment Alternatives rule issued by the U.S. Department of Labor (DOL).
IRI supports a more accommodating regulatory framework that facilitates greater use of lifetime income products, such as annuities, in defined contribution plans. Expanding access to protected, guaranteed lifetime income can help more of America’s workers and retirees achieve financial security in retirement.
IRI will discuss the proposal with its members and looks forward to working with DOL and providing the Department with detailed comments.
# # #
Contact: Dan Zielinski
Stay Informed
Latest News
CONGRESS PRESERVES TAX DEFERRAL OF RETIREMENT SAVINGS
One Big Beautiful Bill Act Sent to President for Signature WASHINGTON, D.C. – Congress preserved tax deferral of retirement savings…
SENATE PRESERVES VITAL RETIREMENT SAVINGS INCENTIVE
WASHINGTON, D.C. – The U.S. Senate today passed the One Big Beautiful Bill Act, a tax and budget reconciliation measure…
May News Articles
News articles in which IRI is mentioned or quoted. Plan Adviser – Beyond the Annuity Puzzle: Rewiring the Psychology of…