National Association of Insurance and Financial Advisors

Bipartisan Legislative Alternative to DOL Fiduciary Proposal Introduced

The National Association of Insurance and Financial Advisors applauds Reps. Peter Roskam (R-IL), Richard Neal (D-MA), Phil Roe (R-TN), and John Larson (D-CT) for introducing legislation that would protect Americans saving for retirement without making it more difficult for them to receive professional advice.

“The bipartisan Strengthening Access to Valuable Education and Retirement Support (SAVERS) Act and Affordable Retirement Advice Protection (The ARAP) Act introduced into Congress today are important because they would ensure advisors work in the best interests of their clients preparing for retirement, but preserve the ability of middle-market investors to obtain needed advice,” said NAIFA President Jules Gaudreau. “As a legislative alternative to the Department of Labor’s fiduciary proposal, the bills would bolster consumer protection and confidence in advisors without creating undue barriers or creating unworkable obligations.”

  • Posted December 18, 2015 IN

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