News Alerts

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Court of Appeals Vacates – in Its Entirety – the DOL Fiduciary Duty Rule

In a decision that took many observers by surprise, the 5th Circuit Court of Appeals, based in Texas, vacated in full the Department of Labor's (DOL) controversial fiduciary duty rule on March 15, 2018.  The Court [...]

By | March 16th, 2018|Categories: News Alerts|0 Comments

NAIFA-NYS Releases First-of-Its-Kind Cyber-Security Tool for Life Agents, Responds to DFS Regulation

Albany, New York, January 29, 2018 — The National Association of Insurance and Financial Advisors-NYS (NAIFA-NYS) today announced a first-of-its-kind compliance tool to assist New York life agents to comply with the state’s new cyber-security [...]

By | January 29th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments

Cuomo Considers Overhauling the New York State Tax Code

Governor Cuomo, in response to the federal tax reform's near-elimination of the state and local tax (SALT) deduction, is proposing to overhaul the New York State tax code and warns of a potential legal challenge [...]

By | December 30th, 2017|Categories: News Alerts|0 Comments

New York Moves to Create Its Own “Best Interest” Standard

As the DOL hits "pause" on full implementation of its fiduciary duty rule, New York regulators have proposed a "best interest" standard of their own, one that would apply to all life insurance products and [...]

By | December 27th, 2017|Categories: News Alerts|0 Comments

Employees Regret Not Saving More in Early Years

A new study by American Century Investments finds that employees significantly regret their decisions not to save more for retirement early in their careers.  It also finds that - although the promise of higher income [...]

By | December 13th, 2017|Categories: News Alerts|0 Comments

Annuity Sales Hit 15-Year Low in 3rd Quarter, LIMRA Finds

Annuity sales fell below the $50 million mark in the 3rd quarter of 2017 - dropping to a 15-year low - according to a study by the LIMRA Secure Retirement Institute.  Initial implementation of the Department [...]

By | November 29th, 2017|Categories: News Alerts|0 Comments