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 CEO: “I AM OPTIMISTIC FOR OUR INDUSTRY’S FUTURE”
IRI 2022 Annual Conference Opens with Record Attendance, Sponsorships WASHINGTON, D.C. – Insured Retirement Institute (IRI) President and CEO Wayne…
IRI ISSUES YEAR-END 2021 ANNUITY SALES REPORT
Sales of fixed and variable annuities were $233.1 billion in 2021.
IRI SURVEY FINDS NEED FOR IMPROVED “RETIREMENT IQ”
WASHINGTON, D.C. — April is Financial Literacy Month and, according to a survey by the Insured Retirement Institute (IRI), a…