<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=319290&amp;fmt=gif">
Member Login
2012

Advocacy in action blog

2 min read

Vermont Enhances Safeguards for Annuity Consumers

By NAIFA & ACLI on 1/25/24 4:02 PM

American Council of Life Insurers (ACLI) President and CEO Susan Neely and NAIFA-Vermont President Tyler Wood issued the following joint statement on the best interest annuity rule adopted recently by the Vermont Department of Financial Regulation:

“A new rule adopted by the Vermont Department of Financial Regulation, led by Commissioner Kevin Gaffney, provides stronger protections to consumers seeking lifetime income through annuities. The rule enhances the standards financial professionals must follow and protects consumers' access to, and information about, annuities, the only financial product in the marketplace that can provide guaranteed income for life. 

Topics: State Advocacy Standard of Care & Consumer Protection Press Release Annuity Best Interest Vermont
1 min read

NAIFA's CEO Kevin Mayeux Responds to DOL's Final Independent Contractor Rule

By NAIFA on 1/9/24 4:49 PM

ARLINGTON, VA -- The U.S. Department of Labor released its final independent contractor rule today, aimed at defining whether an individual is an employee or an independent contractor under the Fair Labor Standards Act. The rule could threaten the classification of many financial advisors from coast to coast and cause a reduction in the number of advisors serving American consumers.

Topics: Legislation & Regulations Press Release DOL
3 min read

NAIFA Survey Shows the DOL’s Fiduciary Proposal Will Increase Costs and Reduce Access to Retirement Planning Services

By NAIFA on 12/19/23 1:55 PM

NAIFA conducted a survey of more than 1,000 members between November 27 and December 1, 2023, to gauge the potential effects of the U.S. Department of Labor’s proposed “Retirement Security Rule: Definition of an Investment Advice Fiduciary” on the consumers who rely on financial professionals for retirement products, services, and advice.

Topics: Retirement Planning Legislation & Regulations Standard of Care & Consumer Protection Press Release DOL
3 min read

New Rule Strengthens Protections for Utah Annuity Consumers

By NAIFA & ACLI on 12/12/23 11:23 AM

American Council of Life Insurers (ACLI) President and CEO Susan Neely and National Association of Insurance and Financial Advisors’ (NAIFA)—Utah Government Relations Chair Dori Phillips, issued the following joint statement on the best interest annuity rule adopted recently by the Utah Insurance Department:

Topics: Legislation & Regulations State Advocacy Press Release Annuity Best Interest Utah
1 min read

No Candy for You: DOL Rolls Out Failed Fiduciary-Only Approach Again

By NAIFA on 10/31/23 10:39 AM

NAIFA CEO Kevin Mayeux, CAE, issued the following statement on the proposed Department of Labor fiduciary rule expected to be made public later today:

Topics: Retirement Planning Legislation & Regulations Standard of Care & Consumer Protection Press Release DOL
1 min read

NAIFA Offers Congratulations to New House Speaker Johnson

By NAIFA on 10/25/23 4:38 PM

NAIFA congratulates the newly elected Speaker of the House of Representatives Mike Johnson and looks forward to working with him on legislative matters that impact the financial security of Americans and the ability of insurance and financial professionals to serve their clients’ best interests.

Topics: Press Release Federal Advocacy
3 min read

NAIFA CEO Represents Advisors and Consumers in Meeting With Administration on DOL’s Fiduciary Proposal

By NAIFA on 10/10/23 11:18 AM

NAIFA CEO Kevin Mayeux, CAE, told the Biden Administration in a meeting that the Department of Labor’s (DOL’s) current efforts to revive a fiduciary-only regulation for financial professionals is unnecessary and likely to harm low- and middle-income consumers.

Topics: Press Release Federal Advocacy Annuity Best Interest DOL Regulation Best Interest White House Fiduciary
2 min read

NAIFA CEO Kevin Mayeux: The DOL's Decision to Propose a New Fiduciary Rule Harms Americans

By Kevin Mayeux on 9/9/23 6:02 PM

Kevin Mayeux, CEO of the National Association of Insurance and Financial Advisors (NAIFA), issued the following statement on the Department of Labor’s beginning of the regulatory process to propose a fiduciary-only rule:

Topics: Legislation & Regulations Standard of Care & Consumer Protection Press Release DOL
2 min read

Oklahoma Becomes 40th State to Adopt Enhanced Protections for Annuity Consumers

By NAIFA & ACLI on 8/16/23 10:37 AM

American Council of Life Insurers (ACLI) President and CEO Susan Neely and NAIFA-Oklahoma President Whitney Jessee issued the following joint statement on the best interest annuity rule adopted recently by the Oklahoma Insurance Department:

Topics: Press Release NAIC Model Regulation Annuity Best Interest Oklahoma
2 min read

NAIFA Members’ Powerful Grassroots Message for Financial Security Hits Home

By NAIFA on 8/1/23 1:50 PM

Congress has begun its August recess, and members of the National Association of Insurance and Financial Advisors (NAIFA) are capitalizing on lawmakers’ annual working session in their home districts by meeting with their Representatives and Senators to strengthen grassroots relationships and discuss issues important to financial professionals and their clients.

Topics: Press Release Grassroots Congress

Featured