The Insured Retirement Institute will be focusing advocacy efforts in 2023 in part on eliminating barriers to the inclusion of guaranteed lifetime income annuities in retirement plans as a qualified default investment alternative.
The IRI revealed its intentions on Monday in a release of its 2023 Federal Retirement Security Blueprint detailing the advocacy group’s federal legislative and regulatory agenda for the remainder of the year. Washington-based IRI marked one of its 28 goals as expanding the use of lifetime income products as default investment options.
The Pension Protection Act allows for the use of annuities as QDIAs . But IRI noted […]
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