NAIFA President Juli McNeely to Testify at DOL Hearing Today

August 11, 2015

  Juli McNeely, president of the National Association of Insurance, is scheduled to testify this afternoon at the Department of Labor’s public hearing on the Conflicts of Interest Proposed Rule . McNeely will explain to the DOL panel how the proposed rule would harm relationships between advisors and clients.   Dr. Jennifer Knoll, one of McNeely’s clients, will also provide testimony at the hearing. McNeely will be one of only two advisors testifying before the DOL officials and th...

NAIFA members describe potential fallout of unworkable DOL rule

August 10, 2015

NAIFA members Richard Murphy and Dori Phillips tell INN reporter John Hilton that they would be forced to surrender services to small- and mid-market investors if the Department of Labor fiduciary rule moves forward. “I don’t deal with the high-end client. The people this is meant to protect are the same people this is going to hurt,” Phillips told Hilton, adding that those served by her business might have as low as $25 a month to invest for retirement. In the INN story , Phillips said sh...

Watch live webcast of DOL hearing, NAIFA President testifies Tuesday

August 7, 2015

The Department of Labor, Employee Benefits Security Administration will provide a live webcast of the Conflict of Interest Proposal public hearing, scheduled for Aug. 10–13. NAIFA President Juli McNeely and her client will testify at 4:15 p.m. Aug. 11. Links below: Public hearing agenda Live webcast of the proceedings will be available at Additional information on the rulemaking, including public comments.

NAIFA President to testify on conflict of interest rule

August 5, 2015

The Department of Labor, specifically the Employee Benefits Security Administration (EBSA), will hold a public hearing Aug. 10-13 on its proposed conflict of interest rule and related proposed prohibited transaction exemptions. NAIFA President Juli McNeely and her small business-owner client will testify at 4:15 p.m. on Aug. 11. As a small business owner, McNeely will describe the financial services she offers to small- and mid-market clients, and the important role advisors play in helpin...

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...