NAIFA President Juli McNeely to Testify at DOL Hearing Today

 
Juli McNeely, president of the National Association of Insurance, is scheduled to testify this afternoon at the Department of Labor’s public hearing on the Conflicts of Interest Proposed Rule. McNeely will explain to the DOL panel how the proposed rule would harm relationships between advisors and clients.
 
Dr. Jennifer Knoll, one of McNeely’s clients, will also provide testimony at the hearing. McNeely will be one of only two advisors testifying before the DOL officials and the only one to provide testimony along with a client.
 
“It is important that regulations do not prevent or disrupt the important relationships between advisors and their clients,” said McNeely. “NAIFA members work in their clients’ interests every day, but the DOL proposal would increase consumers’ costs and choices. Everyone should have access to advice and choices in how they engage their advisors. As it is written, the DOL rule would reduce consumer choice and access to advice.”
 
McNeely and Knoll are scheduled to testify at 4:15 (EDT) today. The testimony and follow-up questions from DOL officials will stream live at http://www.dol.gov/dol/media/webcast/live/.
  • Posted August 11, 2015 IN


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