NAIFA Members Met With 91 Percent of Congress During Recent Day on the Hill

June 10, 2015

More than 800 insurance and financial advisors took NAIFA’s advocacy message to Capitol Hill during NAIFA’s Congressional Conference on May 20. They spoke to their representatives and senators about the potential impact on their practices and their clients of tax reform and the proposed DOL best interest rule .   Some  91 percent of Congress was visited by constituents from all 50 states and Washington, D.C.  Attendees had meetings with most key congressional leadership and key committ...

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Washington State Governor Signs Bill Creating Retirement Plan Marketplace

June 2, 2015

Legislation recently signed into law by Washington Governor Jay Inslee creates a small business retirement marketplace in the state that will focus on small employers and promote retirement savings by workers.   Unlike legislation currently being considered in several other states, SB 5826 relies on private sector retirement products rather than setting up a state-run retirement plan. Participation in the marketplace is completely voluntary for employers and employees. All private-sector ...

NAIFA Sends Letters Supporting Lifetime Disclosure Act to Members of Congress

June 1, 2015

NAIFA supports the Lifetime Income Disclosure Act , which has been introduced into both houses of Congress. The legislation would ensure that retirement savers who participate in workplace retirement plans would receive “annuity equivalent” information in annual statements. This information would tell each worker how accumulated retirement savings would break down into estimated monthly payments over the course of his or her lifetime during retirement.   NAIFA has written letters of than...

Rep. Ann Wagner Tells NAIFA: Congress Needs to Hear From You on DOL Proposal

May 20, 2015

Rep. Ann Wagner (R-Mo.) told attendees at NAIFA's Congressional Conference yesterday that they need to be tough when they talk to legislators and educate them about the damage the Department of Labor’s proposed “best interest” rule could do to advisors and their middle- and lower-income clients.   The proposed rule would redefine a retirement investment advice fiduciary under the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code. NAIFA believes that as a...

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Kempthorne Addresses NAIFA’s Congressional Conference

May 20, 2015

During NAIFA’s Congressional Conference currently under way in Washington, D.C., the President and CEO of ACLI, Governor Dirk Kempthorne, highlighted the great work agents and advisors do each day as they help their clients work toward a secure financial future. Kempthorne’s riveting speech was a source of inspiration to many in the audience as they prepared for meetings with their lawmakers.   “You speak for the aspirations of people who work hard, who protect their families and hope fo...