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 WINS FIVE ACORD AWARDS FOR COMMUNITY LEADERSHIP, DRIVING NEW STANDARDS, AND ADVANCING WOMEN IN INSURANCE
WASHINGTON, D.C. – ACORD, an insurance industry standard-setting organization, presented the Insured Retirement Institute (IRI) with five awards today. The…
IRI ELECTS NEW BOARD CHAIR, VICE CHAIR
WASHINGTON, D.C. — The Insured Retirement Institute (IRI) announced changes to its board of directors today, including a new chair and…
IRI URGES DEPARTMENT OF LABOR TO STREAMLINE DISCLOSURE REQUIREMENTS AND MAXIMIZE E-DELIVERY AS DEFAULT FOR DOCUMENTS
WASHINGTON, D.C. – The Insured Retirement Institute (IRI) urged the U.S. Department of Labor (DOL) to focus on consolidation and…