Release Date: April 14, 2015
Contact: Carol Danko, 202-962-7390, email@example.com
SIFMA Statement on DOL Retirement Rule Proposal Announcement
Washington, DC, April 14, 2015 - SIFMA issued the following statement from president and CEO Kenneth E. Bentsen, Jr., on the retirement rule proposal announced today by the Department of Labor (DOL):
"This is a voluminous rule where the fine print matters. We want to ensure it protects investor choice and doesn't unnecessarily reduce access to education or raise costs, particularly for low and middle income savers. With so much at stake, we will thoroughly review the rule and its impact on investors, and express our views in the public comment period."
Please visit www.sifma.org/dol-fiduciary for updates.
SIFMA is the voice of the U.S. securities industry, representing the broker-dealers, banks and asset managers whose 889,000 employees provide access to the capital markets, raising over $2.4 trillion for businesses and municipalities in the U.S., serving clients with over $16 trillion in assets and managing more than $62 trillion in assets for individual and institutional clients including mutual funds and retirement plans. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.