NAFA excoriates DOL’s newest fiduciary proposal in public testimony
In day two of the Department of Labor’s (DOL’s) public hearing on its current fiduciary rule package, NAFA showed up prepared to do battle. NAFA President and CEO Chuck [...]
DOL hearing parses intersection of ‘best interest’ and annuity sales
By Mark Schoeff Jr. Insurance industry advocates and Department of Labor officials wrestled Wednesday over how annuity sales can be conducted in a customer’s best interests without the insurance [...]
DOL officials push redefinition of ‘trust and confidence’ in fiduciary hearing clash
By John Hilton Department of Labor officials potentially previewed its legal strategy during a pointed exchange Wednesday morning over the details of its controversial fiduciary rule proposal. The contentious, [...]
NAFA Decries ‘Misguided Fiduciary Proposal’
WASHINGTON (Nov. 1, 2023) — Yesterday, the U.S. Department of Labor released its latest fiduciary rule proposal, rebranded as a “Retirement Security Rule.” With it came proposed changes to [...]
As DOL continues to iterate its fiduciary rule, NAFA’s position remains unchanged
On Sept. 8, 2023, the U.S. Department of Labor (DOL) sent a proposal for a new fiduciary rule for investment advice professionals to the White House for its review. The [...]
Trade Group Says SEC Overstepped In Annuities Sales Suit
Law360 (September 6, 2023, 6:08 PM EDT) -- A trade group for the fixed annuities industry has urged a Massachusetts federal judge to dismiss the U.S. Securities and Exchange Commission's [...]
NAFA Advocates Against Regulatory Overreach in SEC v. Cutter Amicus Filing
Brief Seeks to Protect Fixed Annuity Industry and Its Customers WASHINGTON (Aug. 23, 2023) — NAFA, the National Association for Fixed Annuities, filed an amicus curiae brief today in [...]
NAFA Elects 2023 Board of Directors
Board Prepares to Build on Association’s Momentum by Growing Membership, Increasing Education and Engagement WASHINGTON (Jan. 12, 2023) — The general membership of NAFA, the National Association for Fixed [...]