News

NAFA Strongly Supports the Proposed 18-Month Delay

Sept. 15, 2017- NAFA, the National Association for Fixed Annuities, submits this letter in strong support of the Department of Labor’s proposed 18-month extension of the current transition period and delay of the applicability dates for the Best Interest Contract Exemption (PTE 2016-01), the Class Exemption for Principal Transactions in Certain Assets Between Investment Advice Fiduciaries [...]

Alaina Gullett selected as NAFA’s Membership and Development Manager

Aug. 1, 2017 — NAFA, the National Association for Fixed Annuities, is pleased to announce and welcome Alaina Gullett as its membership and development manager effective August 1. This comes on the heels of Joe Grecu’s retirement from the industry.
Gullett joins the organization with a proven track record of success in operations, marketing, membership and education [...]

NAFA Pushes for Uniform Treatment of All Fixed Annuities in Response to DOL RFI

Aug. 9, 2017 — In response to the U.S. Department of Labor’s (DOL’s) request for information (RFI) issued July 6, NAFA, the National Association for Fixed Annuities, submitted a comment letter outlining recommended revisions to the fiduciary rule and its prohibited transaction exemptions. Specifically, the letter provides the Department with rationale for expanding the scope [...]

NAFA Urges DOL to Delay January 1, 2018 Fiduciary Rule Applicability Date

July 25, 2017- In a letter submitted to the U.S. Department of Labor, NAFA, the National Association for Fixed Annuities, is urging the Department to extend the January 1, 2018 implementation date of the fiduciary duty rule (“the Rule”).  NAFA’s comment letter was filed in response to a July 6, 2017 Request for Information in [...]

NAFA Announces 2017 Board of Directors

WASHINGTON (Dec. 8, 2016) — The general membership of NAFA, the National Association for Fixed Annuities, approved recommendations for its newly elected 2017 board of directors at the association’s annual meeting held recently in Phoenix, Ariz. Nominations were received from the membership at large, and candidates were thoroughly vetted by the current board before being [...]

Chairman Hensarling Reacts to Decision on Fiduciary Rule

Washington, May 23, 2017 -
House Financial Services Committee Chairman Jeb Hensarling (R-TX) issued the following statement regarding today’s decision by the Department of Labor on the controversial fiduciary rule:
“I was there in the Oval Office when President Trump signed his Presidential Memorandum on the Obama administration’s fiduciary rule. I don’t see how the Department of [...]

Roe Statement on the Implementation of the Fiduciary Rule

WASHINGTON, D.C. – Today, Rep. Phil Roe, M.D. (R-TN) released the following statement in response to Labor Secretary Alexander Acosta’s decision to allow the fiduciary rule to partially take effect June 9, 2017:
“The misguided, Obama-era fiduciary rule drives up the cost of investment advice for low- and middle-income investors and makes it harder, not easier, for [...]

NAFA APPLAUDS CONGRESSIONAL PRESSURE TO DELAY FIDUCIARY RULE IMPLEMENTATION

Washington, D.C., May 8, 2017 – NAFA, the National Association for Fixed Annuities, released the following statement today from its Executive Director Chip Anderson:
“NAFA expresses its gratitude to those members of Congress who have signed letters calling for delay of the June 9th implementation of the DOL fiduciary rule.  In separate letters, key members of the [...]

Alexander Acosta Appointed Secretary of the Department of Labor

Washington, D.C., April 28, 2017 – NAFA, the National Association for Fixed Annuities, released the following statement from Chip Anderson, NAFA’s Executive Director, on the confirmation of Alexander Acosta as the Secretary of the Department of Labor.
“NAFA, extends its congratulations to Alexander Acosta on his confirmation as Secretary of the Department of Labor. We look forward [...]

Act Now! Tell the President to Repeal the DOL Rule!

The DOL fiduciary rule will take effect in just four weeks – on June 9, 2017 – unless President Trump acts to stop this ill-conceived rule that will hurt our industry and our clients.  Over 3000 of you have already written President Trump!  But we need many more of you to get letters into the White [...]