IRI backs SEC rule requiring brokers to act in clients' best interest
The Insured Retirement Institute said the Securities and Exchange Commission's Regulation Best Interest is a sound basis for efforts to strengthen the standard of conduct of broker-dealers. "We look forward to a final rule that advances investor protections while providing consumers with access to c...
A Generation of Americans Is Entering Old Age the Least Prepared in Decades
Low incomes, paltry savings, high debt burdens, broken family structures, failed insurance—the U.S. is upending decades of progress in securing life’s final chapter. According to a Wall Street Journal tally, more than 40% of households led by people aged 55 through 70 lack sufficient resources t...