WASHINGTON (Apr. 6, 2016) — “For the past year, NAFA has worked with fellow trade organizations to address deep concerns about the proposed Department of Labor fiduciary duty rule that stands to harm small businesses and hurt Americans’ access to the education and advice needed to prepare successfully for retirement...."
>> Continue reading the press release HERE.
On April 14, 2015, the Department of Labor (DOL) issued a long-awaited revamped proposed fiduciary rule, its latest attempt to protect investors from conflicting investment advice, despite audible concern from legislators and the industry.
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As a NAFA member, you can be part of the solution to this problem by contributing to our NAFA legal action fund HERE. Without your contribution, we will not be able to formally challenge this rule, and it is entirely possible that the rule will survive and cause irreversible damage to the fixed annuity industry. To learn more, click HERE.
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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