U.S. Labor Secretary Hilda Solis said that one of her top regulatory goals for 2010 is helping to ensure people don’t outlive their retirement savings by increasing public awareness of annuities. Solis also believes 401(k) plans should offer annuities.

The Insured Retirement Institute applauded the effort, with IRI President and CEO Cathy Weatherford commenting, “I have been saying all year that, in our current financial environment, the value of a guarantee has never been greater. With the dramatic declines in the financial markets, the value of guaranteed investment products has never been more apparent.

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