Update: Illinois Department of Securities Action
Pam Heinrich, NAFA’s General Counsel, has provided the following summary of the Court’s decision, as well as the anticipated next steps in the case. On July 29, 2016, a [...]
NAFA Seeks Preliminary Injunction against DOL Fiduciary Rule
Association Files Suit Alleging ‘Irreparable Harm’ to Members WASHINGTON (June 2, 2016) — NAFA, the National Association for Fixed Annuities, announced today that it has filed a federal lawsuit [...]
NAFA Lauds Congressional Efforts to Stop DOL’s Fiduciary Rule
WASHINGTON (Apr. 26, 2016) — NAFA, the National Association for Fixed Annuities, announced official support for Congressional resolutions issued in both the House and the Senate last week that stand [...]
NAFA Board Authorizes Action on Department of Labor Fiduciary Rule
WASHINGTON (Apr. 21, 2016) — NAFA, the National Association for Fixed Annuities, announced today that its Board of Directors authorized staff to consider all options for challenging the Department [...]
NAFA Responds to DOL’s Issuance of Fiduciary Duty Rule
NAFA, the National Association for Fixed Annuities, and Executive Director Chip Anderson released the following statement in response to the U.S. Department of Labor’s issuance of its fiduciary duty rule: [...]
NAFA Announces the 2016 Board of Directors
The general membership of NAFA, the National Association for Fixed Annuities, approved recommendations for its newly elected 2016 board of directors at the association’s annual meeting held recently in Miami, [...]
NAFA GRC Develops Summary of PTE 84-24 and Potential Changes
Recently, NAFA's Government Relations Committee (GRC) worked diligently to develop a document summarizing Prohibited Transaction Exemption (PTE) 84-24 and its current application. Given that the Department of Labor's proposed fiduciary [...]
NAFA Highlights Facts about Annuities, Contrary to Recent Report
Response Excerpt: WASHINGTON (Nov. 2, 2015) — With only 22 percent of American workers very confident that they’ll have enough money to live comfortably throughout their retirement1 , there is [...]
NAFA Files Second Comment Letter with DOL
On September 24, 2015, NAFA filed its second official comment letter with the Department of Labor-Employee Benefits Security Administration in regard to the Department’s Proposed Conflict of Interest Rule (RIN [...]
NAFA Files Comment Letter with DOL
On July 21, 2015, NAFA filed its official comment letter with the Department of Labor-Employee Benefits Security Administration in regard to the Department’s Proposed Conflict of Interest Rule (RIN 1210-AB32), [...]