NAIFA Blog

NAIFA applauds Sen. Susan Collins

June 12, 2014

NAIFA thanks Sen. Susan Collins for her efforts to encourage employers to establish retirement savings plans that allow employees to prepare themselves for retirement.  In a  letter  to Sen. Collins, NAIFA President John Nichols said: "NAIFA encourages support for the small business retirement incentives bill (S.1970) introduced by Sens. Susan Collins (R-ME) and Bill Nelson (D-FL). The bill would add a new more generous safe harbor for small business retirement plans, establish a tax credit...

Facts About NARAB II

June 4, 2014

The National Association of Registered Agents and Brokers Reform Act of 2013 (NARAB II) has been introduced in the House (H.R. 1155) and Senate (S. 534). The legislation would create a national clearinghouse for insurance agents and brokers to obtain approval to operate on a multi-state basis. NARAB would be governed by a Board of Directors dominated by state regulators and would establish standards for membership that meet or exceed the existing requirements in any state. A prospective NARAB...

McNeely: NAIFA Pushing for NARAB II Passage This Year

May 30, 2014

NAIFA President-Elect Juli McNeely recently spoke with  Employee Benefit Advisor  magazine about her meetings on Capitol Hill during NAIFA's Congressional Conference and also the future of NARAB II legislation. “What’s encouraging to me is that the lawmakers acknowledged the importance of [NARAB II],” McNeely said. “We just emphasized the importance of getting it passed this year.” To read the rest of the story, visit the EBA website . (Free registration required.)

DOL Says Fiduciary Proposal Will Come in January 2015 at the Earliest

May 28, 2014

The Department of Labor has announced that it will not re-propose a  fiduciary rule  for advisors who sell and service retirement plans until January 2015 at the earliest. DOL did not provide a reason for the delay, but NAIFA along with other industry groups and members of Congress have asked DOL to meet with stakeholders and coordinate with the Securities and Exchange Commission, which is considering an advisor fiduciary rule of its own. DOL needs to ensure that any proposed rule does not in...

NAIFA Members Take to the Hill

May 21, 2014

NAIFA members attending the association’s Congressional Conference at the Washington Marriott Wardman Park Hotel in Washington, D.C., are performing an important task today: They are paying visits to their Senators and Representatives to ask them to carefully consider the negative effects the  Camp tax reform draft   would have on the U.S. if proposals in the draft make it more difficult and more expensive for Americans and businesses to achieve financial security. More than 700 NAIFA membe...