NAIFA Blog

ACLI, NAIFA Issue Joint Statement on Court's Fiduciary Rule Decision

March 15, 2018

The Fifth Circuit Court of Appeals vacated the Department of Labor's fiduciary rule in a split decision that overturned a Dallas district court decision upholding the rule. ACLI President Dirk Kempthorne and NAIFA CEO Kevin Mayeux issued a joint statement that contained the following: “The U.S. Fifth Circuit Court’s decision on the Labor Department’s fiduciary regulation is a win for Americans preparing for retirement.  “The department’s fiduciary regulation has harmed small and ...

NAIFA Statement: Senior Safe Act Passes Senate

March 15, 2018

NAIFA President Keith Gillies issued the following statement on the passage of S.2155:   The Senior Safe Act provides much needed protection for older investors and will allow advisors to better protect their clients’ interests. NAIFA commends the U.S. Senate for passing Senior Safe legislative language as part of the bipartisan Economic Growth, Regulatory Relief, and Consumer Protection Act. Advisors are often the first line of defense for scammers looking to take advantage of investors....

NAIFA Leaders Meet With SEC Chairman Clayton

March 7, 2018

NAIFA President Keith Gillies and CEO Kevin Mayeux met with Securities and Exchange Commission Chairman Jay Clayton yesterday to discuss NAIFA’s support for a “best-interest” standard of care for advisors and potential impacts of SEC regulations on advisors and their clients.   Mayeux and Gillies told the chairman that NAIFA members work in communities all across the United States with Main Street clients to help them reach financial goals and protect their families from life’s inevitabl...

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Tax Reform Opens Opportunities for Advisors

March 7, 2018

The federal tax reform law passed late last year could boost the business of financial advisors and provide needed assistance to Americans who are preparing for retirement, according to industry experts.   The law has provided many corporate employers with an infusion of cash, which some are using to boost benefits and ramp up retirement plans for their employees. Two-thirds of large and mid-size employers surveyed by Willis Towers Watson said they have made or plan to make changes to t...

LIMRA Survey Shows Strong Consumer Desire to Save for Retirement

March 6, 2018

Americans want to save more money for retirement, and they are more likely to do so if they have a financial advisor, according to a pair of recent surveys.   The LIMRA Secure Retirement Institute found that 54 percent of U.S. households say that saving more money is a top financial priority. Of these, nearly 60 percent cite preparing for retirement as a top reason for increasing their savings.   The main impediment to saving for retirement is excessive non-mortgage debt, including ...

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