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So far naifa-nys has created 108 blog entries.

Social Security “Blind Spots”: the Facts that Few People Know

By | February 13th, 2020|Categories: News Alerts|

According to a new survey from SimplyWise, there are five common blind spots in people's understanding of Social Security benefits and requirements--and that, of course, highlights the critical need for consumers to rely on a financial advisor.  According to SimplyWise, only 42 percent of survey respondents knew at what age they should begin claiming Social Security [...]

With Clock Ticking, Will DOL Propose New Fiduciary Rule?

By | February 7th, 2020|Categories: News Alerts|

Industry observers have been wondering when the Department of Labor (DOL) will issue its new fiduciary rule--a replacement for the Obama-era rule that the 5th Circuit Court of Appeals struck down in March 2018--ever since the SEC passed its Regulation Best Interest last year. The time clock became even more of an issue when Congress passed [...]

Legislative Breakfast Comes to Rochester

By | February 7th, 2020|Categories: Member News|

NAIFA-Rochester hosted Day 2 of this year's Western New York legislative breakfast tour, featuring association leaders and members, state lawmakers and staff, and senior members of the NAIFA-NYS government relations team.  On the agenda were discussion of next steps for the NAIFA-NYS continuing education (CE) credit bill, Regulation 187 "best interest" implementation issues, rebating reform, [...]

Buffalo Legislative Breakfast Kicks Off 2020 Tour

By | February 6th, 2020|Categories: Member News|

The 2020 NAIFA-NYS legislative breakfast tour began, as it has traditionally, in Buffalo - one of the state's strongest local associations.  State and regional leadership, including NAIFA-NYS President and NAIFA-Buffalo past president Phil Held, spoke to the importance of NAIFA membership and advocacy.  Senior NAIFA-NYS government relations staff briefed members, non-members, and state legislators and [...]

79 Percent of Employers Say Their Workers Struggle Financially

By | December 5th, 2019|Categories: News Alerts|

A new report finds that 79 percent of employers believe their workers face "persistent" financial problems, including high credit card, childcare, and other consumer debt; medical expenses; and problems saving for retirement.   The 2019 MassMutual Workplace Financial Wellness Study found that larger employees were more likely to express concern about their workers' financial health. According to employers [...]

Massachusetts Proposes Fiduciary Standard for Brokers, Advisors

By | December 4th, 2019|Categories: News Alerts|

Massachusetts officials have released a proposed regulation that would impose a fiduciary duty on agents, broker-dealers, and investment advisors and their representatives when dealing with clients in the state.  Secretary of State William F. Galvin commented, in unveiling the proposal, that the Securities and Exchange Commission's (SEC) new "Regulation Best Interest" made the Massachusetts regulation necessary.  [...]

Governor Vetoes Our CE Credit Bill, Again

By | December 2nd, 2019|Categories: Member News, NAIFA-NYS Legislative Updates, New York Issues|

For the second year in a row, and despite unanimous support in the NYS Senate and Assembly, Governor Cuomo on November 25 vetoed our legislation to provide continuing education (CE) credits for active membership in associations such as NAIFA-NYS.  The bill was a revised re-introduction of the version vetoed by the Governor on Christmas Eve 2018.  [...]

Senate Misses Chance to Pass SECURE Act, But Some Think There’s Still Hope

By | November 22nd, 2019|Categories: News Alerts|

In the afternoon of November 21, the Senate passed the House of Representatives' version of a continuing resolution (CR) that temporarily funded the government until December 20.  Sadly, however, the Senate did not attach the critically important Setting Every Community Up for Retirement Enhancement (SECURE) Act to the CR—and so missed a chance to link the [...]

NAIFA P+P Conference Takes to Orlando

By | September 17th, 2019|Categories: Member News, Members|

More than 800 attendees, including NAIFA-NYS members and staff, took to Orlando for the September 11 to 14 NAIFA Performance + Purpose Annual Conference.  Attendees enjoyed high-energy keynote speeches (including one from a former Green Beret), powerful and often emotional remarks from industry leaders, thoughts from association heavyweights, and even the melodious tones of an [...]

Buffalo Affiliate to Host Charity Golf Tournament

By | September 4th, 2019|Categories: Member News|

Help our Buffalo affiliate give back to the community on September 23, when the group hosts its annual charity golf event benefiting the Phoenix Adaptive Program.  The program focuses on adults and children with special needs, matching each person with a dedicated volunteer and a trained instructor, who provide participants with a safe and compassionate ski [...]