FSI to fight rollout of auto IRAs
As Illinois pushes ahead with its automatic retirement savings account program, the Financial Services Institute argues the savings plans pose competition to advisers and will work to discourage other states from following suit.
The Financial Services Institute, which represents independent broker-dealers and financial advisers, will focus its lobbying efforts next year on preventing states from rolling out automatic retirement savings programs.
Earlier this month, the Illinois legislature passed a bill that would require c
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