FSI Supports SECURE Act

May 22, 2019

The Financial Services Institute (FSI) has expressed its support of the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) which is expected to be brought up for a vote in the U.S. House of Representatives this week.

“The SECURE Act is an important step to addressing the retirement savings crisis by expanding opportunities for Main Street Americans to increase their retirement savings,” said FSI President & CEO Dale Brown. “Too many Americans have inadequate retirement savings, and research has shown that investors who work with a trusted financial advisor are better prepared for their retirement. The SECURE Act will expand workplace retirement savings opportunities for workers by providing tax incentives for small employers and expanding availability of multiple employer plans. It also removes the age cap on IRA contributions, allowing individuals to save for retirement as long as they are working, and expands access to lifetime income products in retirement plans. We urge the House of Representatives to pass this critical legislation.”

About the Financial Services Institute (FSI): The Financial Services Institute (FSI) is the only organization advocating solely on behalf of independent financial advisors and independent financial services firms. Since 2004, through advocacy, education and public awareness, FSI has successfully promoted a more responsible regulatory environment for more than 100 independent financial services firm members and their 160,000+ affiliated financial advisors – which comprise over 60% of all producing registered representatives. We effect change through involvement in FINRA governance as well as constructive engagement in the regulatory and legislative processes, working to create a healthier regulatory environment for our members so they can provide affordable, objective advice to hard-working Main Street Americans. For more information, please visit financialservices.org.