National Association of Insurance and Financial Advisors

NAIFA Policy Statement Supports Protecting Senior Investors

July 24, 2015

NAIFA members have dedicated their careers to providing financial security and protection for their clients. The association has a long history of supporting laws and regulations that provide clients with needed safeguards, including those limiting stranger-originated life insurance transactions, ensuring the proper use of designations by financial professions, and requiring stringent licensing requirements for insurance and financial advisors.   In the same spirit, the NAIFA Governme...

NAIFA Member Comments on DOL Fiduciary Proposal Include Personal Appeals

July 22, 2015

The Department of Labor asked the public to comment on its retirement advice fiduciary proposal, and insurance and financial advisors responded. A NAIFA GovAlert on the issue resulted in advisors sending 18,421 letters to DOL Secretary Thomas Perez and members of Congress.  More than 95 percent of Congress, 508 out of 535, received letters because of the GovAlert.   Many advisors included personal stories to illustrate the impact the DOL proposal would have on their businesses and their c...

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NAIFA submits comments on DOL proposed fiduciary rule

July 21, 2015

The Department of Labor’s proposed rules on investment advice would make it harder for financial professionals to provide investors with affordable services and products that would help them live independently in their retirement, according to comments submitted today to the DOL by the National Association of Insurance and Financial Advisors. The proposed rules would apply to financial professionals who provide investment advice to participants or sponsors of retirement savings plans, incl...

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NAIFA Responds to President Obama’s Call for State-Run Retirement Plans

July 14, 2015

President Barak Obama said this, in his July 13 remarks at the White House Conference on Aging: “I’ve called on the Department of Labor and Tom Perez to propose a set of rules by the end of the year to provide a clear path forward for states to create retirement savings programs.”   NAIFA strongly supports President Obama’s stated goal of encouraging more Americans to save for retirement. However, NAIFA believes that the role of the government should be confined to educating workers an...

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NAIFA Members Speaking Out on DOL Proposal

July 13, 2015

NAIFA members have provided a strong response to the July 6 GovAlert, “ Take Action Now on the Unworkable DOL Fiduciary Rule ,” sending a total of 10,098 letters to Labor Secretary Thomas Perez and members of Congress. So far, 2,599 advisors have taken action.   It’s not too late to add your voice. NAIFA provides sample letters that you can customize with your own expertise and stories about how the proposed fiduciary rule would impact your clients. Take action now on NAIFA’s advocacy ac...