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 [...]
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 [...]
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 [...]
Key Provisions Further Support Guaranteed Lifetime Income Options WASHINGTON (Oct. 28, 2020) — NAFA, the National Association for Fixed Annuities, has formally issued its support for the Securing a [...]
Comment Letter Seeks Relief for Insurance ProfessionalsWASHINGTON (Aug. 7, 2020) — NAFA, the National Association for Fixed Annuities, submitted a letter in response to the Department of Labor’s request for [...]
On April 2, 2020, NAFA hosted Extraordinary Times Call for Extraordinary Measures, presented by Maureen James and Roger Hayashi of Summit Compliance. Market downturns can create annuity sales opportunities, [...]
CARES Act — Small Business Provisions: Paycheck Protection Program and Economic Injury Disaster Loans On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (H.R. 746, CARES) [...]
Last week, NAFA members received an update on the NAIC’s approval of significant revisions to its Suitability in Annuity Transactions Model Regulation. This is the culmination of a process [...]
Both the House and the Senate see The Secure Act as the first step in providing meaningful legislation to help solve the issues surrounding Retirement Savings and Income. Chairman [...]
Financial Advisor (FA) ran the following article highlighting the several industry trade groups, including NAFA, who jointly signed the letter opposing the Massachusetts fiduciary proposal. ----- January 7, 2020 [...]