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
HOUSE PASSES BILL TO PROTECT VULNERABLE AMERICANS FROM FINANCIAL EXPLOITATION
WASHINGTON, D.C. – The House of Representatives passed a bipartisan measure this week to protect vulnerable Americans from financial exploitation….
IRI VISION: LEADING BY EXAMPLE
One of the more rewarding experiences I have had with the Insured Retirement Institute is launching and hosting our Long View…
IRI ANNOUNCES CHANGES TO BOARD DIRECTORS
WASHINGTON, D.C. – The Insured Retirement Institute (IRI) announced changes to its board of directors today. The two new members…