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Fiduciary Rule-Related Updates - View all NAFA News HERE

March 24, 2018 - The National Association for Fixed Annuities Board of Directors announced it is withdrawing its lawsuit challenging the Department of Labor “Fiduciary Rule.” In a filing with the U.S. Court of Appeals for the D.C. Circuit, NAFA and the United States Department of Justice agreed to a voluntary dismissal of the appeal.

NAFA’s decision comes on the heels of a March 15th ruling by the Fifth Circuit Court of Appeals, which vacated the Fiduciary Rule in its entirety. The NAFA lawsuit was one of two lawsuits challenging the authority of the Department of Labor to issue the rule.

View the Press Release here.

March 16, 2018 - The National Association for Fixed Annuities released the following statement on a decision by the U.S. Court of Appeals for the Fifth Circuit regarding a legal challenge to the Department of Labor's fiduciary rule:

"The court’s decision ensures that millions of Americans will have access to fixed annuities and other financial products, along with advice from agents and financial planners, as they plan for and live in retirement.  NAFA is pleased to see the Court has struck down this unnecessary intrusion into the realm of financial regulation."

View the Press Release here.

View the Court Decision 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.

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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.



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