IRI wants to reduce regulatory burden on broker-dealers

The Insured Retirement Institute has launched a new research initiative to identify regulatory burdens facing broker-dealers that impede their ability, and financial advisors’ willingness, to sell lifetime income products. The initiative is part of the IRI’s effort to pursue a one-stop, national insurance agent licensing system, as well as reforms to address other regulatory hurdles.

“We are focused and committed to working with policymakers to reduce barriers to attaining lifetime income so that all Americans may enjoy a financially secure retirement,” IRI President and CEO Cathy Weatherford said. “This includes identifying and removing regulatory red tape and other obstacles that are preventing the broker-dealer community from making insured retirement strategies more readily available. Our new research initiative will serve as the backbone for these efforts, including IRI’s support of legislation that promotes the efficient and cost-effective licensing of thousands of financial advisors across the country.”