Statement on the Introduction of the SAVERS ACT
Below is a statement from FSI President & CEO Dale Brown on the introduction of the SAVERS ACT in the U.S. House of Representatives. The legislation addresses deep concerns over the pending Department of Labor (DOL) fiduciary rule and its effects on retirement savers:
“We are pleased that a bipartisan effort is being made to help Congress fulfill not only its right but its duty to protect retirement savers. At a time when the possibility of a dignified retirement seems out of reach for so many hard-working Americans, this legislation is critical, and we urge Congress to act on it quickly. For years, a large, bipartisan swath of Congress has showed great concern with the impact the Department of Labor’s fiduciary rule will have on small and mid-sized investors. We are hopeful the Department will take Congress’ deep concerns seriously and fix this rule before it’s finalized and retirement savers are irreparably harmed.”
Related Posts
FSI and Broadridge Launch New Video Guide to Help Advisors Better Explain Form CRS to Investors
The Guide can also help facilitate more in-depth and meaningful discussions between advisors and clients Today, the Financial Services Institute […]
Read MoreFSI Announces 2023 Board of Directors & Executive Committee Members
The Financial Services Institute (FSI) today announced today that it has added five Directors to its Board. The new members […]
Read MoreFSI Announces Findings of Study Examining Impact of the Department of Labor’s Independent Contractor Rule Proposal
Oxford Economics finds Main Street investors could lose access to financial advice and services due to advisor retirements and inflated […]
Read More