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: MAKE RETIREMENT MORE “SECURE”
The SECURE Act and the SECURE 2.0 Act are two new laws embodying sweeping changes that will generate billions more…
IRI VISION: ESG IS A-OK
Congress recently adopted a Congressional Review Act resolution to block a Department of Labor (DOL) rule governing the use of…
IRI VISION: COURTS REFUSE TO “ROLLOVER” ON DOL FIDUCIARY RULE
IRI believes financial professionals should act in their clients’ best interest. That’s why our association advocated for the existing regulatory…