The Insured Retirement Institute, the trade group for the annuities industry, named LPL Financial President Robert Moore as its new chairman on Wednesday.

In the announcement, Moore said IRI has succeeded in telling consumers about the value of annuities in retirement planning, but organization must expand its education and outreach efforts.

IRI also announced it selected five new board members: AIG Advisor Group President and Chief Executive Officer Erica McGinnis; T. Rowe Price U.S. Investment Services Head of Financial Institutions George Riedel; Cetera Financial Group Chief Executive Officer Larry Roth; New York Life Insurance Company Senior Managing Director, Head of Retail Annuities David Cruz; and Transamerica Capital President, Transamerica Distributors David Paulsen.