NAIFA Blog

NAIFA Survey Gauges Impacts of DOL Fiduciary Rule

April 17, 2017

A new survey of 1,093 NAIFA members has found that the Department of Labor’s fiduciary rule is already hampering advisors’ ability to serve clients and is likely to increase consumer costs.   Nearly 46 percent of the advisors in the survey said they have already experienced restrictions in the types of products they can offer their retirement plan clients, and an additional 44 percent expect such restrictions. Twenty percent have had to increase their clients’ minimum account balances s...

NAIFA CEO Tells InvestmentNews "What's Next for the Fiduciary Rule"

April 12, 2017

NAIFA CEO Kevin Mayeux recently participated in an InvestmentNews Regulatory Roundtable. As part of the event, he recorded a video, "What's Next for the Fiduciary Rule?" He told InvestmentNews that the Department of Labor is reviewing its fiduciary rule, and it seems likely that problems with the rule uncovered by the review will lead to "substantive change." "There will be some sort of regulation put in place that says basically that everyone should act in the best interests of the...

NAIFA Take 3 Video: The DOL Rule Delay

April 10, 2017

NAIFA Take 3: The DOL Rule Delay Among the takeaways from this video, we emphasize the advocacy value of NAIFA’s Congressional Conference, and urge all NAIFA members to register today ! We also explain how you can help NAIFA contribute to the DOL review of the rule by taking a NAIFA survey and providing data and advice the administration needs to assess the impact of the rule.  

NAIFA President: DOL Delay a ‘Step in Right Direction’

April 5, 2017

NAIFA President Paul Dougherty issued the following statement on the DOL delay: “The Department of Labor has prudently decided to delay the applicability date of the fiduciary rule for financial advisors issued under the former administration to give the current administration time to review how the rule might negatively impact consumers. This is a step in the right direction, because NAIFA remains concerned that unintended consequences of the rule could disrupt the marketplace, increase c...

NAIFA Applauds Passage of Measure to Reverse DOL Waiver for Municipal-Sponsored Retirement Plans

March 30, 2017

NAIFA President Paul Dougherty issued the following statement in response to Senate vote to reverse Department of Labor rules that would have exempted municipal-run retirement plans from ERISA regulations:   “Congress wisely recognizes that retirement plans for private-sector employees set up and run by municipal governments must be subject to the same consumer-protections and other regulatory requirements as plans offered in the existing market. We applaud the House and Senate for passin...