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.
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."
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!
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.
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.
