Helping people build long-term financial certainty is more important than ever. Congress recognized this and expanded worker access to lifetime income options for retirement savings in two landmark, bipartisan retirement bills in the last three years. Enhanced consumer protections that safeguard access have been adopted in 40 states.
On October 31, the Department of Labor announced a new proposed fiduciary regulation that undermines this progress and builds a barrier to financial inclusion. Middle-income savers need protection and access, not policies that would limit their options. Read our statement on the proposal here.
