National Association of Insurance and Financial Advisors

Mayeux: NAIFA's Day on the Hill "Even More Critical"

May 24, 2017

The mission of insurance and financial advisors meeting with members of Congress today on the second day of NAIFA’s Congressional Conference “is even more critical,” according to NAIFA CEO Kevin Mayeux . His assessment came in the wake of Labor Secretary Alexander Acosta’s announcement that the department will not further delay implementation of its fiduciary rule.   “While we are disappointed, NAIFA will continue to work with the DOL as it reviews and revises the rule and with the ad...

ACLI's Kempthorne Praises and Encourages NAIFA's Advocacy Work

May 24, 2017

Gov. Dirk Kempthorne, president and CEO of the American Council of Life Insurers , spoke yesterday at NAIFA’s Congressional Conference , telling the advisor-advocates in attendance that they play a crucial role educating lawmakers on the importance of the insurance industry.   For example, he said that advisors are not in a position to fix problems with Social Security.   “That’s not within our jurisdiction. That is the responsibility of Congress. But we can help Congress see the fu...

Dougherty Touts the Value of NAIFA Advocacy

May 24, 2017

NAIFA President Paul Dougherty spoke to attendees at NAIFA’s Congressional Conference about the value that NAIFA’s political advocacy provides members.   “NAIFA’s political advocacy is what keeps us in business,” he said. “Advocacy alone is worth every penny of our membership investment. I’ve been a NAIFA member for 18 years, and over that time NAIFA’s advocacy successes have paid for my membership many times over.”   The Congressional Conference , he said, is an opportunity for NA...

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NAIFA CEO Comments on DOL Decision Not To Extend Delay of Fiduciary Rule

May 23, 2017

NAIFA's CEO issued the following statement: "While NAIFA is disappointed that DOL does not believe it has the legal standing to implement a full delay, we are eager to work with the administration and Members of Congress to make needed revisions," said NAIFA CEO Kevin Mayeux, CAE. "Tomorrow, 700 advisors from every state participating in NAIFA's Congressional Conference will visit Capitol Hill offices and emphasize the unique ability of NAIFA members to provide real examples of how the rul...

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Act Requiring State-Run Retirement Plans to Provide Consumer Protections Becomes Law

May 18, 2017

On Wednesday, President Trump signed into law H.J.Res. 66, a bill that assures state-sponsored plans will not have a free pass from protections afforded all other retirement savers. “These state-run plan s would have forced millions of private-sector workers into untested retirement schemes with high fees, low returns, and fewer worker protections,” NAIFA President Paul Dougherty said. “This has been a high priority for NAIFA's advocacy team and grassroots network, and it's gratifying t...