NAIFA Comments on Senate Bill to Require More Compensation Disclosure

June 19, 2019

On May 23, the leaders of the Senate Health, Education, Labor and Pensions (HELP) Committee released a much-anticipated bipartisan health reform bill that would impose troublesome disclosure requirements on agent compensation. It also addresses, among other issues, surprise billing. The legislation reflects agreement between Sen. Lamar Alexander (R-TN), chairman of the HELP Committee, and Sen. Patty Murray (D-WA), the committee’s ranking member.   Of concern to NAIFA is the draft bill’s s...

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Reg BI Enhances Consumer Protections with Uniform, Nationwide Standard

June 5, 2019

The Securities and Exchange Commission (SEC) today voted to finalize Regulation Best Interest (Reg BI), which significantly enhances the standard of care that broker-dealers (BDs) and their registered representatives (RRs) owe their clients. The standard contained in Reg BI exceeds the existing suitability standard by requiring BDs and their RRs to act in the best interests of their clients when recommending any securities transaction or investment strategy involving securities, without placi...

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House Votes in Favor of the SECURE Act One Week After NAIFA Members Urge Its Passage

May 23, 2019

The House of Representatives today passed the SECURE Act (H.R.1994) with a vote of 417 to 3 to help Americans better prepare for retirement. NAIFA’s advocacy efforts have vigorously promoted the bill, which would ease restrictions on companies that band together to offer their employees retirement plans, known as multiple-employer plans, or MEPs; require plan statements to show participants how much monthly income their savings would be expected to provide them during retirement; and make i...

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With LACP Accreditation, NAIFA Certification Commission Joins Elite Group of NCCA Organizations

May 22, 2019

NAIFA Certification Commission Receives Accreditation of its Life and Annuity Certified Professional (LACP) certification program  from the National Commission for Certifying Agencies (NCCA)   NAIFA Certification Commission joins an elite group of more than 130 organizations representing over 315 programs that have received and maintained NCCA accreditation             FALLS CHURCH, Va. (May 22, 2019) —The National Commission for Certifying Agencies (NCCA) has accredited the Nat...

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NAIFA's Congressional Conference Kicks Off with Legislative Information Session

May 15, 2019

NAIFA’s Congressional Conference kicked off Tuesday with a Day-on-the-Hill meetings preparation session and legislative issues briefing. The sessions gave attendees information, insights, and tips they will use today, as nearly 600 insurance and financial advisors present a unified voice on Capitol Hill, advocating on behalf of their industry, practices, and clients in meetings with their senators and representatives. Advisors from all 50 states will talk with lawmakers about the crucial p...