NAIFA Members to Meet with Lawmakers May 25

The Department of Labor’s final rule to expand the definition of investment advisor fiduciaries under ERISA is complex and poses uncertainty on how the rule will impact retirement investors’ access to affordable products or advice, members of the National Association of Insurance and Financial Advisors will tell Congress May 25 during meetings on Capitol Hill. The meetings take place during NAIFA's 2016 Congressional Conference May 24-25 at the Gaylord Hotel at National Harbor, Md.

“The DOL’s final rule changed many of the most troubling provisions contained in earlier drafts, but it remains to be seen how the rule might affect the product offerings of financial institutions or the restrictions these companies might place on advisors,” NAIFA President Jules Gaudreau said. “Our members are eager to meet with lawmakers to discuss the DOL rule and other important issues that could impact our industry and ability to serve consumers.”

NAIFA members also will urge legislators to create tax reform policy that encourages consumers to plan ahead, protect their families’ financial security and adequately save for retirement. “We need proposals that strengthen – not weaken – the ability of 75 million American families to continue to rely on life insurers’ products to secure their futures,” Gaudreau said.

On May 24, registrants will attend an advocacy briefing at the Gaylord Hotel at National Harbor. On May 25, the 800 attendees will go to Capitol Hill for meetings with their Senators and Representatives.

Media are invited to attend the advocacy briefing. Please RSVP to NAIFA’s Mark Briscoe or Sheila Owens.

Where:
Gaylord Hotel at National Harbor
201 Waterfront Street
National Harbor, MD 20745
        
When: 1:30 p.m., Tuesday, May 24

Contact:    
Mark Briscoe, mbriscoe@naifa.org; (703) 770-8111
Sheila Owens, sowens@naifa.org or (703) 770-8112

Members of NAIFA’s Executive Committee and Government Relations staff also will be available for interviews throughout the Congressional Conference. Please contact Mark Briscoe or Sheila Owens. 
 


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