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
IRI VISION: EMBRACING AGILITY AND PURPOSE-DRIVEN SOLUTIONS
The insured retirement industry must transition from slow-to-implement, data-heavy solutions that try to address every possible use case, to lightweight,…
IRI VISION: TWO BIG OPPORTUNITIES INSPIRED BY MULTICULTURAL DATA
As diverse as America is, we have common concerns. Among them, having enough money saved for a healthy retirement is…
IRI ANNOUNCES STAFF CHANGES
The Insured Retirement Institute (IRI) announced promotions for two team members and a new hire. Shani Armon is IRI’s new…