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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 [...]

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 [...]

By | March 15th, 2019|Categories: News Alerts|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 [...]

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

Governor Nominates New DFS Superintendent

Governor Andrew Cuomo officially announced on January 4 his nomination of Linda Lacewell, his Chief of Staff, to replace outgoing Dept. of Financial Services (DFS) Superintendent Maria T. Vullo, who is slated to leave DFS [...]

By | January 7th, 2019|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments

DFS Supt. Vullo Announces Her Departure

Superintendent Maria T. Vullo has announced that she will leave the Department of Financial Services (DFS), effective February 1, 2019, after nearly three years heading the agency.  Under her leadership, the DFS has promulgated controversial [...]

By | December 19th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments

U.S. Life Expectancy Drops for 3rd Consecutive Year

In 2017, according to the Center for Disease Control and Prevention's National Center for Health Statistics (NCHS), the average American could expect to live 78.6 years.  That's a shorter life expectancy than in 2016 and [...]

By | November 29th, 2018|Categories: News Alerts|0 Comments