NAIFA Supports Legislation to Ensure Workers Maintain a 40-Hour Workweek

June 21, 2019

Members of Congress in both chambers recently introduced the Employee Flexibility Act as bipartisan legislation to modify the Affordable Care Act’s definition of “full-time employee” from 30 hours to 40 hours per week. NAIFA sent letters to the sponsors of this bill expressing our support for this proposal.    The ACA’s change in definition of “full-time employee” from an employee who works 40 hours to 30 has resulted in employers reducing employees’ work hours and decreasing wages. To ...

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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