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79 Percent of Employers Say Their Workers Struggle Financially

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 [...]

By | December 5th, 2019|Categories: News Alerts|0 Comments

Massachusetts Proposes Fiduciary Standard for Brokers, Advisors

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 [...]

By | December 4th, 2019|Categories: News Alerts|0 Comments

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

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 [...]

By | November 22nd, 2019|Categories: News Alerts|0 Comments

Statement of NAIFA-NYS President Phil Held on the Passing of Senator William Larkin

The life insurance agents and financial advisors join the many other New Yorkers mourning the passing of longtime state Senator William Larkin.  Our sympathies go out to his wife, Pat, son Bill, and many other [...]

By | September 3rd, 2019|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments

Departure of DOL Secretary May Delay Fiduciary Rule Rewrite

The resignation of DOL Secretary Alexander Acosta on July 12 may impact the agency's rewrite of its controversial fiduciary duty rule, as it's unclear whether an Acting Secretary─not confirmed by the Senate, in other words─would [...]

By | July 12th, 2019|Categories: News Alerts|0 Comments

NYS Assembly Passes Our CE Credit Bill, 101-0

On June 18, the New York State Assembly approved unanimously—in a 101-0 vote—the NAIFA-NYS continuing education (CE) credit bill.  The legislation, which passed the NYS Senate 60-0 on June 7, would require the Superintendent of [...]

By | June 18th, 2019|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments