Policy experts from industry associations, including NAIFA Assistant Vice President for Government Relations Judi Carsrud, provided congressional staff with a briefing on the defined contribution retirement system and how Congress can improve it. They explained some common challenges faced by employers providing plans and employees anxious about covering present-day expenses while saving for retirement.
Recent posts by NAIFA
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NAIFA’s Carsrud Contributes to Capitol Hill Briefing on Retirement Issues
Topics: Retirement Planning Federal Advocacy Congress
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NAIFA Supports SECURE Act 2.0 Introduced by Reps. Neal and Brady
House Ways and Means Committee Chairman Richard E. Neal (D-MA) and Ranking Member Kevin Brady (R-TX) have introduced the Securing a Strong Retirement Act of 2021, also known as the SECURE Act 2.0, and Neal has scheduled a markup session in the committee for Wednesday.
Topics: Retirement Planning Federal Advocacy Congress Supported Legislation SECURE 2.0
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New York Appellate Court Rules Regulation 187 Unconstitutional
The New York Supreme Court, Appellate Division, has ruled that state Insurance Regulation 187, “Suitability and Best Interests in Life Insurance and Annuity Transactions,” is unconstitutional. A 2018 amendment to Regulation 187 imposed a complicated new standard of care on annuity recommendations and broadened the scope of the regulation to include life insurance as well as annuity products.
Topics: Legislation & Regulations State Advocacy Standard of Care & Consumer Protection New York
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NAIFA-NC Holds Virtual Advocacy Day
NAIFA’s North Carolina chapter (NAIFA-NC) held a virtual Advocacy Day, Monday, April 26. Insurance and financial professionals who attended benefited from an update on state legislative and regulatory activity by NAIFA-NC lobbyists Michelle Frazier and David Ferrell.
Topics: State Advocacy Grassroots Legislative Day North Carolina
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New NAIFA Survey: What Was Your Path Into the Financial Services Industry?
NAIFA’s advocacy educates and informs policymakers so they understand the important work insurance and financial professionals do to help American families and businesses achieve their financial goals and attain financial security. Well-informed officials make better decisions to serve NAIFA members and their clients as well as all Americans who seek financially secure futures.
Topics: State Advocacy Federal Advocacy Insurance & Financial Advisor Regulation Producer Employment
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NAIFA State Advocacy in Action: Montana Rate-Setting Law Signed
Montana Governor Greg Gianforte has signed legislation that revises state non-discrimination laws to allow insurers to consider insured individuals’ gender and marital status when setting rates for insurance premiums. NAIFA’s Montana chapter worked with state Commissioner of Securities and Insurance Troy Downing to craft and promote the legislation. NAIFA-MT members testified on its behalf at hearings in the state. The commissioner cited research by NAIFA-MT in his press release on the legislation.
Topics: State Advocacy Grassroots Montana Underwriting & Risk Classification
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NAIFA Looks to Work With Congress on Paid Family Medical Leave Solutions
NAIFA CEO Kevin Mayeux issued the following statement following a House Ways and Means Committee hearing on paid family medical leave:
Topics: Group & Employee Benefits Federal Advocacy Congress Paid Family Medical Leave
NAIFA Issues Statement on Confirmation of SEC Chair Gensler
NAIFA CEO Kevin Mayeux, CAE, issued the following statement on the confirmation of Gary Gensler as chair of the SEC:
Topics: SEC Federal Advocacy
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NAIFA Invites All Financial Services Professionals to Attend Virtual Congressional Fly-In May 25-26
NAIFA’s Congressional Congress, May 25-26, will be a virtual event featuring targeted advocacy training with briefings on legislative issues that affect members’ businesses, best practices for conducting congressional meetings, and tips for developing impactful long-term relationships with legislators.
Topics: Federal Advocacy Grassroots Congressional Conference
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Nebraska Law Enhances Protections for Annuity Consumers
Legislation signed into law today by Nebraska Governor Pete Ricketts provides citizens throughout the Cornhusker state with enhanced consumer protections when buying annuities. Strongly supported by Nebraska Director of Insurance Bruce Ramge and championed in the Nebraska Legislature by State Senator Matt Williams, the new law closely tracks the ‘best interest of consumer enhancements’ in the National Association of Insurance Commissioners (NAIC) Suitability in Annuity Transactions Model Regulation. It also aligns with the SEC’s Regulation Best Interest.
