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House Committee Passes the SECURE Act Retirement Bill

In what is, these days, a remarkable show of bipartisanship, the U.S. House Ways & Means Committee approved - unanimously - on April 2 a bill that would expand options for retirement savings.  The Setting Every Community Up for Retirement Enhancement (SECURE) Act, or H.R. 1994, would make it easier to offer annuities in 401(k) and 401(b) plans; raise the [...]

By | April 3rd, 2019|Categories: News Alerts|0 Comments

House Panel Holds Hearing on the SEC’s Regulation Best Interest Proposal

Members of the U.S. House Committee on Financial Services, under its newly emboldened Democratic leadership, held a March 14 hearing that looked dubiously at the SEC’s proposed Regulation Best Interest.  What prompted the hearing is the fact that the SEC, at least as of now, is developing a principles-based way to upgrade suitability rules, rather than a fiduciary standard like [...]

By | March 15th, 2019|Categories: News Alerts|0 Comments

SAVE THE DATE – “Virtual” Day on the Hill

On a single day - Thursday, May 9 - NAIFA-NYS members from across New York will visit their legislators in their district offices, a "Virtual" Day on the Hill that means members don't need to travel to Albany for legislative visits.  NAIFA-NYS staff matches up members with their legislators, makes the appointments, and gives members the info they need to [...]

By | March 8th, 2019|Categories: Member News|0 Comments

NAIFA Weighs in on NAIC “Enhanced Suitability” Draft Regulation

In a February 15 comment letter to state insurance regulators at the National Association of Insurance Commissioners (NAIC), NAIFA joined with the AALU, the Financial Services Institute (FSI), and other groups to endorse a "best interest" standard of care.  The letter responded to a draft NAIC "enhanced suitability" model regulation--which has been in the works at the NAIC for many, [...]

By | February 20th, 2019|Categories: News Alerts|0 Comments

Legislative Breakfast Comes to Rochester

Venturing out on a cold Western NY morning, members of our Rochester affiliate met on January 25 for their 2019 legislative breakfast.  Area lawmakers and staff were there - and had plenty to say - as were members of the NAIFA-NYS government relations team, who briefed attendees on the association's priority agenda for this session.  NAIFA-NYS staff also offered [...]

By | February 4th, 2019|Categories: Member News|0 Comments

Chautauqua Legislative Lunch Is Focused and Friendly

Our Chautauqua affiliate may be small in number, but it has a big-time commitment to NAIFA-NYS and its advocacy.  The Chautauqua legislative luncheon on January 24 was an ideal forum to discuss NAIFA-NYS' legislative and regulatory priority issues, as well as to explore the myriad ways that the DFS "best interest" and cyber-security regulations may harm consumers, life insurance [...]

By | February 4th, 2019|Categories: Member News|0 Comments