Capitol building in Washington, D.C. Photo: Diego M. Radzinschi/ALM
In anticipation of significant federal regulatory activity in the coming year from the Securities and Exchange Commission and the Department of Labor, the Insured Retirement Institute (IRI) encouraged regulators to consider 33 proposed policies that it says will enhance and strengthen retirement security for America's workers. The policy proposals included in IRI's 2024 Retirement Security Blueprint focus on expanding opportunities to save for retirement, encouraging guaranteed lifetime income solutions, and fostering innovation and education.
#1: Foster innovation and education
Among IRI's most urgent objectives is opposing the DOL's 2023 Proposed Fiduciary Rule, which it said significantly expands the circumstances under which a financial professional would trigger fiduciary status under ERISA and impact fair compensation. IRI has called for DOL to withdraw the proposal in its entirety and discontinue the rulemaking project. If DOL does not withdraw the proposal, Congress should act to prohibit DOL from finalizing, implementing or enforcing the proposal or act to disapprove any final rule under the provisions of the Congressional Review Act, according to the policy blueprint.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
