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 SUPPORTS AMERICAN INFRASTRUCTURE BONDS ACT
Significant Opportunity for Life Insurance Industry to Invest in Municipal Infrastructure Projects WASHINGTON, D.C. – Senate legislation creating new “American…
IRI CONFERENCE ZEROES IN ON INDUSTRY ISSUES, CHALLENGES, AND OPPORTUNITIES IN 2021
WASHINGTON, D.C. – Virtual may be the current reality for industry gatherings, but that is not hindering the delivery of…
IRI CONGRATULATES GARY GENSLER ON CONFIRMATION AS SEC CHAIR
WASHINGTON, D.C. – The Insured Retirement Institute (IRI) issued the following statement after the Senate confirmed Gary Gensler as the…