IRI Congratulates Chairman Clayton on Senate Confirmation

IRI Congratulates Chairman Clayton on Senate Confirmation

Welcome & Hopeful for the Opportunity to Provide Research and Expertise to the SEC

WASHINGTON, D.C. – The Insured Retirement Institute today issued a statement from IRI President and CEO Cathy Weatherford to congratulate Walter J. "Jay" Clayton III on his confirmation by the Senate.   

“The Insured Retirement Institute congratulates Jay Clayton on his confirmation to serve as the Chairman of the Securities and Exchange Commission.  IRI looks forward to working with Chairman Clayton to develop common sense policies which will enable American savers to obtain a financially secure retirement.  Chief among these would be for the Commission to take a leading role in promulgating a consistent best interest standard of care for financial professionals and adopting a variable annuity summary prospectus.  We welcome the opportunity to collaborate with the Chairman Clayton on these and other issues which will expand access to affordable financial advice, reduce regulatory burdens through streamlined disclosures, and improve consumers’ understanding of their investment choices regarding lifetime income options to achieve a secure and dignified retirement.”

About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is the leading association for the retirement income industry.  IRI proudly leads a national consumer coalition of more than 30 organizations, and is the only association that represents the entire supply chain of insured retirement strategies.  IRI members are the major insurers, asset managers, broker-dealers/distributors, and 150,000 financial professionals.  As a not-for-profit organization, IRI provides an objective forum for communication and education, and advocates for the sustainable retirement solutions Americans need to help achieve a secure and dignified retirement.  Learn more at www.irionline.org.

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Contact: John B Jennings