Fiduciary Rule-Related Updates

NAFA Alert- Federal District Court Hears NAFA's Challenge to DOL Rule

Last Thursday, a hearing on a motion for preliminary injunction and summary judgment was held in the United States District Court for the District of Columbia in Washington, D.C. in NAFA's lawsuit against the Department of Labor. This is the first hearing in a string of lawsuits challenging DOL's fiduciary rule. Attorney Philip D. Bartz of Bryan Cave LLP led NAFA's litigation efforts in front of a standing room-only crowd.

>>Continue reading the NAFA Alert HERE

NAFA Seeks Preliminary Injunction against DOL Fiduciary Rule

WASHINGTON (June 2, 2016) — NAFA, the National Association for Fixed Annuities, announced today that it has filed a federal lawsuit in the D.C. District Court challenging the Department of Labor’s new “fiduciary rule.” The lawsuit seeks a preliminary injunction to stay the rule, which is currently scheduled to become operational in April 2017.

>> Continue reading the press release HERE.

>> Read the complaint NAFA filed HERE.

Log in as a NAFA member to follow key coverage of this issue, as well as NAFA's advocacy on behalf of the fixed annuity marketplace, and stay up to date on how you can help protect your business from this unworkable regulation.

Not a member? Sign up today for access to this information and other valuable members-only benefits!

Donate to NAFA's DOL Legal Action Fund

As a NAFA member, you can be part of the solution to this problem by contributing to our NAFA legal action fund HERE.  Without your contribution, we will not be able to formally challenge this rule, and it is entirely possible that the rule will survive and cause irreversible damage to the fixed annuity industry.  To learn more, click HERE.

About NAFA

NAFA, the National Association for Fixed Annuities, is the premier trade association exclusively dedicated to fixed annuities. Our mission is to promote the awareness and understanding of fixed annuities. We educate annuity salespeople, regulators, legislators, journalists, and industry personnel, about the value of fixed annuities and their benefits to consumers. NAFA’s membership represents every aspect of the fixed annuity marketplace covering 85% of fixed annuities sold by independent agents, advisors and brokers. NAFA was founded in 1998.

View the latest issue of NAFA Annuity Outlook Magazine.

Membership

At NAFA, membership truly has its privileges. Join us in our quest to advocate the fixed annuity product. We have several levels of membership -- there's sure to be one that fits your budget. If you're already a member, learn more about our membership renewal options.

Get active and receive fixed annuity industry updates.

Supporting Members (Annuity Professionals)- Click the Button Below to Join Online! (or here for payments via check)

To Renew your NAFA Membership:

• Please login to the NAFA membership website and access your “profile”, located in the upper right hand corner next to “log out”.  Scroll down to the “subscription information” and click the “extend/renew” link next to your “expiry date” and follow the steps through the payment gateway to complete the transaction.  You will not lose your user name or access credentials during expiration or the renewal process.