NAIFA Blog

NAIFA President testifies before House Committees on Proposed DOL Fiduciary Rule

September 10, 2015

At a House hearing on “ Preserving Retirement Security and Investment Choices for All Americans ,” NAIFA President Juli Y. McNeely, LUTCF, CFP, CLU, told members that the Department of  Labor’s proposed fiduciary duty rules present “complex challenges” to financial advisors and clients,  and impeding the providing of advice will only exacerbate the savings crisis in America. Among the points McNeely made in her testimony: NAIFA remains concerned about the negative consequences that t...

NAIFA President to speak at House panel's fiduciary-standard hearing

September 9, 2015

NAIFA President Juli McNeely is one of five speakers scheduled for a Sept. 10 House Financial Services Committee hearing on the Department of Labor's proposed fiduciary standard. McNeely told InsuranceNewsNet that the Committee "wanted us to cover some very specific things, like how will this impact consumers directly ... what are the problem areas and what should be changed."  The hearing also will cover the Retail Investor Protection Act, expected to be re-introduced by Rep. Ann Wag...

Market Correction Shows Middle-market Need for Advisors

August 25, 2015

The stock market has taken investors on a crazy ride recently, most notably with the markets falling off sharply yesterday before rebounding somewhat today. What tomorrow will bring is nearly impossible to predict.   Market volatility is nothing new. Corrections have happened before and they will happen again. When it comes to those investing for their retirement, experts agree that the biggest danger is that people will make hasty or even panicked decisions.   This is where the servi...

NAIFA-Montana President Looks at DOL Proposal From the Perspective of an Investor

August 19, 2015

NAIFA-Montana President Kathryn Burton placed an excellent op-ed column in the Great Falls Tribune outlining NAIFA’s concerns with the Department of Labor fiduciary rule proposal. Burton, who specializes in disability and life insurance, draws on her personal experiences as a retirement saver to demonstrate the need small-to-medium investors have for services financial advisors provide.     “Unfortunately the DOL’s rule does nothing to simplify retirement planning and it has the potenti...

NAIFA President testifies on proposed DOL fiduciary rule

August 11, 2015

In testimony before the Employee Benefits Security Administration of the Department of Labor, NAIFA President Juli McNeely told the panel today that the proposed fiduciary rule is unworkable because it could harm the advisor-client relationship and hinder access to affordable advice to smaller- and mid-market consumers and businesses.   McNeely testified on behalf of NAIFA’s 40,000 members who primarily serve smaller markets. As a small business owner in Spencer, Wis., McNeely sai...