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Mohawk Valley Breakfast Is Where the Legislators Are

By | March 11th, 2020|Categories: Member News|

The third stop on the NAIFA-NYS 2020 legislative breakfast tour was in the Mohawk Valley on March 10.  Nearly every area legislator (plus many legislative staff) attended and heard briefings on NAIFA-NYS priority issues [...]

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Debt Among American Seniors Skyrockets 543% in Two Decades

By | February 27th, 2020|Categories: News Alerts|

Between 1999 and 2019, the total debt for Americans above age 70 skyrocketed 543%, according to the Federal Reserve Bank of New York, thanks largely to a deterioration in the nation's "modest social safety net".  [...]

The Race Is On: NAIFA, Others Push for State Approval of NAIC “Best Interest” Model

By | February 20th, 2020|Categories: News Alerts|

State insurance regulators finally have hammered out their "best interest" model regulation for annuities, and now NAIFA and other industry players are pushing states around the country, both liberal and conservative, to pass the new [...]

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 [...]

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 [...]

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 [...]

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, [...]

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 [...]

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 [...]

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 [...]