Promote Financial Literacy 12 Months a Year

April 27, 2018

Dear friends,   Financial Literacy Month is nearing an end, but Americans’ need to understand their personal finances and make smart decisions with their money is more enduring than a passing April shower. Financial literacy is a cause that NAIFA members support year round.   Watch NAIFA’s Take 3 Video on Financial Literacy Now!   In our newest NAIFA Take 3 video, I talk about how insurance and financial advisors provide crucial financial literacy education to consumers and h...

NAIFA CEO: SEC Proposal Highlights NAIFA Advocacy Work

April 24, 2018

Dear friends,   The Securities and Exchange Commission has proposed regulations to require broker-dealers and their registered representatives to act in the best interests of their retail investment clients. Under the rules, advisors would have to be upfront with clients about their business model, fee structures, and nature of the client-advisor relationship as well as mitigate or disclose conflicts of interest.   NAIFA generally supports a best interest standard for advisors to p...

NAIFA Supports Lengthening 90-Day Limit on Short-Term Health Plans

April 19, 2018

Short-term, limited-duration insurance (STLDI) provides consumers with temporary, basic, affordable health insurance coverage, often at times they are in dire need of insurance and facing setbacks in their careers or finances. These policies also benefit people who are undergoing less stressful life transitions.   STLDI plans provide necessary stop-gap coverage health insurance while consumers shop for more comprehensive plans or until they are able to join group plans. Sometimes STLDI fi...

SEC new rule: 'Regulation Best Interest'

April 18, 2018

At its just-completed Open Meeting, the SEC Commissioners voted 4-1 to move ahead with proposing the following:   A new rule—to be called “Regulation Best Interest" — that would raise the standard of conduct for broker-dealers and their registered representatives when making a recommendation of any securities transaction or investment strategy involving securities to a retail customer to require the broker-dealer/registered representative to act in the best interest of the investor withou...

NAIFA Take 3 Video: Your Membership Strengthens Our Industry

April 5, 2018

Watch the NAIFA Take 3 Video Now Dear Friends, NAIFA’s advocacy strategy, leveraging all three branches of government, paid off a few weeks ago with a federal court’s decision to totally strike and “vacate” the Department of Labor’s fiduciary rule. This is a huge win for NAIFA, the ACLI, and our other advocacy partners. More importantly, this decision is a major victory for advisors everywhere who strive to best serve their clients! Please take about three minutes to...