Certified Financial Planner Board of Standards Inc.
12/12/2025 | Press release | Distributed by Public on 12/12/2025 12:02
CFP® Professional Testifies at Senate HELP Committee's Hearing on “The Future of Retirement”
On December 10, CFP Board submitted a letter for the record to the Senate Health, Education, Labor, and Pension Committee regarding its hearing entitled "The Future of Retirement." We applaud the Committee for its leadership in advancing and expanding retirement innovations and urge continued collaboration to ensure all workers have access to a retirement plan.
With only half of private-sector workers able to access an employer retirement plan, Congress must take bold but practical steps to close this gap," said Erin Koeppel, CFP Board's Managing Director of Government Relations and Public Policy Counsel. "Financial planning meaningfully improves Americans' retirement readiness, and policymakers should ensure every worker has both access to a plan and the support needed to make informed decisions."
We also thank and congratulate Chad Williams, CFP® for his testimony at the hearing in support of two CFP Board-endorsed bills - the Helping Young Americans Save for Retirement Act (S. 1707 / H.R. 4718) and the Auto Reenroll Act (S. 1831). The bills would provide welcome improvements to the retirement system and would serve to bolster financial security and wellness in retirement. We thank Chair Bill Cassidy (R-LA) and Sen. Tim Kaine (D-VA) for introducing these critical pieces of legislation. Mr. Williams highlighted that one of his roles as a CFP® professional is to ensure he offers products and services that enable his clients to make informed choices.
CFP Board also voiced strong support for two bipartisan measures introduced by Senators Bill Cassidy (R-LA) and Tim Kaine (D-VA), the Helping Young Americans Save for Retirement Act and the Auto Reenroll Act. These pieces of legislation would increase participation and bolster financial security and wellness in retirement, providing a brighter future for all Americans.
To read CFP Board's letter for the record, please click here.
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