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2 min read

‘The Power of You. The Power of Us.’  NAIFA’s New Political Advocacy Campaign Stokes Individual and Group Action

By NAIFA on Oct 1, 2020 4:35:41 PM

Insurance and financial professionals provide a powerful advocacy voice at state and federal levels.

Topics: Advocacy State Advocacy Press Release
1 min read

NAIFA Opposes Bill that Could Weaken State Regulation of Insurance

By NAIFA on Oct 1, 2020 8:28:56 AM

On Sept 21, the U.S. House of Representatives passed H.R. 1418, the Competitive Health Insurance Reform Act of 2020. The bill repeals specific parts of the McCarran-Ferguson Act that exempt insurance businesses from most federal regulation.

Topics: Advocacy
1 min read

Sen. Grassley and Commissioner Ommen Speak at NAIFA-Iowa Conference

By NAIFA on Sep 24, 2020 4:47:51 PM

NAIFA-Iowa recently held a successful combined in-person/virtual state conference, Sept. 9-11 in Cedar Falls. The program highlighted each point of NAIFA’s membership promise – Advocate, Educate, Differentiate – but the focus turned squarely to advocacy during the Thursday keynote presentation by state Insurance Commissioner Doug Ommen and the Friday Newell C. Day Awards Breakfast keynote address by Sen. Chuck Grassley.

Topics: Advocacy State Advocacy
1 min read

Industry Groups Testify at Hearing on DOL Proposal

By NAIFA on Sep 3, 2020 6:11:36 PM

Bradford Campbell, a partner with the law firm Faegre, Drinker, Biddle & Reath, testified today on behalf of NAIFA and several other industry organizations at the U.S. Department of Labor’s Administrative Hearing on the Proposed Class Exemption Regulation “Improving Investment Advice for Workers & Retirees.”

Topics: Advocacy Legislative & Regulatory Standard of Care
3 min read

NAIFA Webinar:  COVID-19 Executive Actions in August

By NAIFA on Aug 28, 2020 10:39:57 AM

View the Webinar On-Demand

Topics: Advocacy Tax COVID-19
1 min read

New DOL Rule Provides Important Guidance on How to Illustrate Monthly Lifetime Income

By NAIFA on Aug 19, 2020 4:44:56 PM

The Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) issued an interim final rule providing the important information employers need to comply with the new requirement that they give retirement plan participants annual illustrations of the monthly lifetime income they would receive from their retirement plan account balances.

Topics: Advocacy Retirement Planning Retirement Press Release
1 min read

The SEC’s CAT Database Brings Data Security Concerns

By NAIFA on Aug 13, 2020 1:28:06 PM

The Securities and Exchange Commission (SEC) in June began requiring broker-dealers to submit detailed information on securities trades to the SEC’s Consolidated Audit Trail (CAT) database. A similar requirement for options trades went into effect in July. The purpose of the CAT is to allow SEC regulators to identify and analyze irregularities and threats to the securities markets.

Topics: Advocacy Security Press Release Cybercrime SEC
1 min read

Federal LTC Task Force Includes NAIFA Recommendations in Report

By NAIFA on Aug 11, 2020 12:02:47 PM

The U.S. Treasury Department has released a report from the Federal Interagency Task Force on Long-Term Care Insurance recommending government actions to foster innovation in long-term care (LTC) product design, improve the efficiency and relevance of LTC product regulation and promote financial literacy on LTC matters.

Topics: Advocacy Long Term Care Limited & Extended Care Planning Center
2 min read

NAIFA’s Carsrud Briefs WIFS Members on Advocacy Issues

By NAIFA on Jul 9, 2020 1:51:01 PM

NAIFA Assistant Vice President of Government Relations Judi Carsrud provided members of Women in Insurance and Financial Services (WIFS) in Central Pennsylvania a briefing on the SECURE Act and the Security and Exchange Commission’s Regulation Best Interest (Reg BI) in a virtual meeting on Thursday.

Topics: Advocacy Retirement Legislative & Regulatory Standard of Care
1 min read

DOL Proposes New Rule to Replace Fiduciary Rule NAIFA Helped Defeat

By NAIFA on Jun 30, 2020 10:26:24 AM

The U.S. Department of Labor has proposed a new rule to govern the standard of care for producers providing consumers with retirement guidance and products. NAIFA was a part of the lawsuit, along with the American Council of Life Insurers and other groups, that resulted in the DOL’s original fiduciary rule being struck down by the Fifth Circuit Court of Appeals in 2018. The new proposal would create a “best interest” prohibited transaction exemption (PTE) for ERISA- and Internal Revenue Code-covered investment advice fiduciaries.

Topics: Advocacy Retirement Planning Standard of Care Press Release

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