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So far naifanys has created 31 blog entries.

NAIFA-NYS Successfully Urges the New York Department of Financial Services to Increase Training Allowance Subsidy Limits

By | March 24th, 2016|Categories: NAIFA-NYS Legislative Updates|

In January, senior NAIFA-NYS officials held the first in a series of regulatory affairs discussions with the representatives of several bureaus of the New York State Department of Financial Services, including the Deputy Superintendent for Life Insurance, James Regalbuto. During the course of that meeting NAIFA-NYS urged the DFS to consider increasing the cumulative maximum training [...]

NAIFA National Furthers Its Outreach to Federal Officials, Advocates for Agents/Advisors

By | March 17th, 2016|Categories: News Alerts|

As federal officials take action that will directly affect how life insurance agents and advisors do business, your national association is working hard to ensure that agent and advisor concerns factor into DC discussions.  Included here is a NAIFA update on recent Department of Labor (DOL) fiduciary duty rule and other efforts. DOL Fiduciary Duty Rule:  [...]

House Speaker Says U.S. House Will Fight DOL Fiduciary Duty Rule

By | March 4th, 2016|Categories: News Alerts|

Speaker Paul Ryan announced on March 3—in a move that may be good news for NAIFA-NYS and other opponents of the Dept. of Labor (DOL) fiduciary duty rule—that the U.S House will fight back against the plan once it’s final.  “This rule,” Ryan said, “would raise costs and limit options for people seeking advice on their [...]

Candace Thorson Joins NAIFA-NYS and Park Strategies, LLC

By | February 25th, 2016|Categories: News Alerts|

FOR IMMEDIATE RELEASE CONTACT: Gregory V. Serio NAIFA-NYS Headquarters 518-915-1661 Candace Thorson Joins NAIFA-NYS and Park Strategies, LLC Albany, New York, February 24, 2016 — Lawrence J. Holzberg, LUCTF, president of the National Association of Insurance and Financial Advisors—New York State (NAIFA-NYS), and Gregory V. Serio, executive director of NAIFA—NYS and partner in Park Strategies, LLC, [...]

NAIFA-NYS Writes New York Times Public Editor, Objects to “Distorted” Annuities Article

By | February 17th, 2016|Categories: News Alerts|

To the Public Editor: The New York Times has recently had a number of articles on life insurance and retirement savings. The articles have been largely critical of life insurance products, and some have proposed alternative retirement programs without regard for the life insurance products that are on the market. The most notable concern, though, relates [...]

Action Taken: Senate Introduces Three Bills and House Marks Up Its DOL Alternative

By | February 11th, 2016|Categories: News Alerts|

The Senate has introduced three bills as companion legislation to the House’s “Roskam-Neal-Roe-Larson” legislation introduced in December. Sen. Johnny Isakson (R-GA) introduced the companion bill to H.R.4293, the ERISA-based fiduciary alternative. Four GOP Senators—Mark Kirk (R-IL), Tom Cotton (R-AR), Steve Daines (R-MT) and Roger Wicker (R-MS)—joined as original cosponsors to S.2502. Sen. Mark Kirk (R-IL) introduced [...]

NYS Senate Holds Roundtable on Collapse of Health Republic/ Impacts and Next Steps

By | February 8th, 2016|Categories: NAIFA-NYS Legislative Updates|

For NAIFA-NYS members owed commission from Health Republic, a formal Court-supervised liquidation proceeding would provide a mechanism to file a claim.  But as NAIFA-NYS legislative staff report following a Senate roundtable, the Dept. of Financial Services has chosen another path. Click here to read more.

NAIFA—NYS Leadership Meets with State Legislators, DFS Staff in Week-Long Advocacy “Blitz”

By | February 5th, 2016|Categories: News Alerts|

NAIFA Leadership has just completed a “blitz” of New York’s state capitol, wrapping up a series of meetings with state legislative leaders and officers of New York’s life insurance company trade association, the Life Insurance Council of New York. The developing 2016 NAIFA—NYS legislative agenda, the Health Republic debacle, and other issues of importance to the [...]

Governor Announces Nominee for New Superintendent of NYS Dept. of Financial Services

By | January 22nd, 2016|Categories: News Alerts|

Governor Cuomo announced Maria T. Vullo, a former top litigator in the NYS Attorney General's office, as his nominee for Superintendent of the Department of Financial Services. If approved by the state Senate, Ms. Vullo would be the first official Superintendent since Benjamin Lawsky resigned the post in June 2015. According to Cuomo, "Maria has shown [...]

NAIFA-NYS Highlights Weaknesses of Guaranteed Retirement Accounts

By | January 6th, 2016|Categories: News Alerts|

To the Editor: In a January 1 opinion piece entitled “A Smarter Plan to Make Retirement Savings Last,” the authors call for yet another federal program to help consumers attain some measure of financial security. Mandatory “guaranteed retirement accounts” would give retirees a steady stream of income from funds managed by an “independent federal agency”. The [...]