NAIFA Blog

NAIFA Letter to Rep. Sinema Lauds Legislation to Protect Senior Investors

October 10, 2017

NAIFA President Keith Gillies has sent a letter to Rep. Kyrsten Sinema (D – Ariz.) supporting the Senior Safe Act of 2017 (H.R. 3758) , sponsored by the congresswoman.   The legislation would allow agents and advisors to report suspicious financial activities involving accounts of the senior citizen clients to financial institutions, which would evaluate the activities and, if appropriate, report them to proper authorities. NAIFA has worked with Rep. Sinema and other members of Congres...

NAIFA Supports PASS Act Introduced by Rep. Wagner

October 4, 2017

Rep. Ann Wagner (R-Mo.) last week introduced the Protecting Access for Small Savers Act (PASS Act) that would repeal the Department of Labor’s rule establishing a fiduciary standard for advisors working with retirement investors and establish a standard of conduct for all broker-dealers that would be enforced by the Securities and Exchange Commission.   “NAIFA supports Representative Wagner’s legislation,” said NAIFA CEO Kevin Mayeux. “Studies and surveys by NAIFA and other organizati...

A Message to Members and Your Clients: NAIFA has Your Back

September 28, 2017

Dear NAIFA member,   Tax season may not begin until next year, but we have officially entered tax-reform season. The White House and Republican leaders in Congress yesterday released their “ Unified Framework for Fixing Our Broken Tax Code ,” which establishes guiding principles for congressional tax-writing committees tasked with drafting legislation in the months to come.   It is times like these that NAIFA’s advocacy efforts switch into high gear, and NAIFA members like you r...

NAIFA, Industry Respond to Republican Tax Framework

September 27, 2017

The White House and Republican leaders in Congress today released their “ Unified Framework for Fixing Our Broken Tax Code ” proposal for comprehensive tax reform. The nine-page document does not include full legislative details, but establishes principles for the tax writing committees to follow to cut tax rates for individuals and businesses with an “aim to maintain or raise retirement plan participation of workers and the resources available for retirement.”   The Save Our Savings coal...

NAIFA-Maryland, NAIFA-Greater Washington Score a Victory on Agent Commissions

September 18, 2017

CareFirst Blue Cross Blue Shield, Maryland’s largest health insurer, has reversed a decision to eliminate agent commissions on individual health insurance policies for 2018, thanks largely to advocacy by NAIFA-Maryland and NAIFA-Greater Washington, D.C.   Many large health insurers have significantly reduced or even eliminated agent commissions on new sales of individual market health insurance policies in recent years. NAIFA believes these decisions are short-sighted and ignore the cri...