Fifth Circuit Issues Mandate Vacating DOL Fiduciary Rule

June 21, 2018

The U.S. Court of Appeals for the Fifth Circuit today issued its formal mandate to vacate the Department of Labor’s fiduciary rule for advisors working with retirement accounts. The mandate puts into force the court’s decision of March 15 . NAIFA worked tirelessly to reduce and eliminate the damage of the DOL rule to advisors and their clients. We worked with members of Congress, regulators from two administrations, and the federal courts to ensure that the rule did not harm advisors or...

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Members of Congress Providing Leadership on Financial Security

June 20, 2018

Approximately 850 insurance and financial advisors recently visited Washington, D.C., during NAIFA’s annual Congressional Conference . They met with their senators and representative and told the lawmakers about the financial risks and challenges their constituents in communities across the United States face. They explained how advisors provide clients with basic financial literacy education.   However, NAIFA members unfortunately cannot reach everyone. In fact, two out of three Amer...

Downfall of DOL Fiduciary Rule Bolsters the Annuities Market

June 13, 2018

Industry analysts project annuity products to rebound from a sales slump in 2017 and the early months of this year, according to the LIMRA Secure Retirement Institute and reported by InsuranceNewsNet . The main driving force behind the comeback is the demise of the Department of Labor’s fiduciary rule, which a federal court struck down in March as a result of lawsuits filed by NAIFA, the American Council of Life Insurers , and other groups.   The looming DOL rule had injected a large ...