March 16, 2018
Dear friends,
When the Department of Labor first hinted that it planned to implement a new fiduciary regulation for retirement planning advisors , NAIFA advocacy was ready. We have been there every day, every hour, working with members of Congress, regulators from two administrations, and the federal courts to ensure that the rule did not destroy your business or prevent lower- or middle-income Americans from getting retirement products and advice.
The hard work of our staff and me...
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 ...
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....
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...
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...