Protecting the Future of Fixed Annuities

An Evolving Standard of Conduct for Annuity Transactions

Over the past several years and across multiple regulatory regimes, the standard of conduct required of financial professionals when making a security or annuity recommendation to a retail consumer has evolved beyond a “suitability” obligation to one of “best interest”. NAFA continues to engage with policy makers to protect fixed annuity manufacturers, marketers, distributors and consumers.

NAFA Encourages Uniform State Adoption of 2020 NAIC Model Regulation #275

In addition to the work being done at the federal level in response to and in support of various retirement reform measures, NAFA was heavily involved in the nearly three-year effort by the NAIC to modify the Suitability in Annuity Transactions Model Regulation (#275), working to ensure that a new best interest standard would be objective and reasonable for independent distribution. In support of enhancing consumer protection — without harming consumers’ access to fixed annuity products and the professionals that will help them secure guaranteed retirement income — NAFA is now working to encourage uniform adoption of the amended version of the regulation adopted by the NAIC on February 13, 2020.

Learn more about NAFA’s advocacy efforts »

Furthering Education

Index-Linked Annuities

Recommended Resource

NAFA’s newest educational series seeks to break down specific features and benefits of these annuities in a way that anyone — regulator, legislator, journalist, agent or consumer — can understand. For our latest installment, we illustrate how a fixed index annuity differs from a registered index-linked annuity and examine the risk and reward offered by each product.

Download the paper

20 Reasons to Be a NAFA Member

20 Reasons to Be a NAFA Member

Join the Association

At NAFA, membership truly has its privileges. Stay active, educated and up to speed with NAFA as your guide.

Whether you build, market, sell or support fixed annuity products, we offer membership to every distribution channel.

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EVENT UPDATE

Save the Date: Annuity Distribution Summit | October 5-9, 2021 | Lake Las Vegas, NV