Browsing Tag

Joe Biden

110 posts

Joe Biden was the 46th President of the United States. A Democrat, he was Vice President under Barack Obama from 2009 to 2017 and represented Delaware in the U.S. Senate for 36 years. Born in 1942, Biden is known for his long political career, focus on unity, foreign policy experience, and efforts on healthcare, climate change, and rebuilding the economy.

Jason Berkowitz, IRI
Read More

IRI’s Jason Berkowitz: Why Biden’s Fiduciary Rule Gets it Wrong

The American Retirement Association approves the Department of Labor's latest ERISA fiduciary definition update, while insurers dispute its necessity, labeling it a regulatory overreach on investment advice. Jason Berkowitz from the Insured Retirement Institute outlines significant issues with the proposed ERISA changes, critiquing both the policy and President Biden's recent statements on the retirement sector. Berkowitz examines the five-part test and Prohibited Transaction Exemptions' effects on ERISA fiduciaries, reflecting the lifetime income industry's regulatory stance.