WASHINGTON—AARP Chief Executive Officer Jo Ann Jenkins released the following statement in response the Department of Labor’s proposed rule to protect Americans from conflicts of interest when financial professionals give retirement investment advice:

“This is an important step to ensure that financial advisors act in the best interest of retirement investors. People should be able to count on their financial advisors to provide sound advice that protects and grows their retirement assets, free of conflicts of interest. A strong rule that closes loopholes in current law will help safeguard their hard-earned retirement funds.”

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About AARP

AARP is the nation's largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With a nationwide presence, AARP strengthens communities and advocates for what matters most to the more than 100 million Americans 50-plus and their families: health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit www.aarp.org/about-aarp/, www.aarp.org/español or follow @AARP, @AARPenEspañol and @AARPadvocates on social media.