DOL Fiduciary Rule – 60-Day Delay Until June 9
NAFA Suggests Sending Comment Letters to the DOL
WASHINGTON D.C. (April 10, 2017) — A big “THANK YOU” for the tremendous response from NAFA’s supporters on our last request to send your message to the DOL supporting the delay of the fiduciary rule. Over 2,160 emails and letters were sent to the DOL in response to NAFA’s request last month – your voices have been heard!!
On April 5, the DOL announced a 60-day delay to extend the fiduciary rule applicability date to June 9, 2017, instead of April 10. This comes after a memorandum from the President directing the DOL to examine the rule to make sure it does not adversely affect the ability of Americans to access financial advice and products like fixed annuities for their retirement planning.
NAFA and our industry needs your help again to send a message to the DOL and fight against this unworkable rule. Again, NAFA has made it easy for you and your annuity colleagues to submit comment letters – provide the following template for agents/reps or IMOs to get your voice heard.
Submit Your Letter HERE.
Send your response to the DOL today; the deadline is Monday, April 17, 2017.
- NAFA continues to work on all fronts to defeat this onerous rule: in the courts, on the Hill through our Senators and Representatives, and with the new Administration.
- NAFA is proud of our association members who continue to be very active in the fight against this rule.
- NAFA members are very concerned about the rule’s excessive regulation, which threaten clients’ access to our products and to industry jobs.
- NAFA appreciates President Trump for his action to order the DOL to reconsider the DOL rule and its harmful effects on our industry.
How else can you help?
Join NAFA and other industry professionals to get your voice heard at the Annuity Leadership Forum June 21-23 in Washington, D.C. Meet with your representatives in Washington to talk with them in person about your thoughts on the DOL rule and how it will impact your clients and your business. Be part of the solution in stopping the DOL rule. Click HERE for more information and to register for the meeting in Washington, D.C. with your fellow industry professionals. Register today, Early Bird rates end April 15th!
NAFA, the National Association for Fixed Annuities, is the premier trade association exclusively dedicated to fixed annuities. Our mission is to promote the awareness and understanding of fixed annuities. We educate annuity salespeople, regulators, legislators, journalists, and industry personnel about the value of fixed annuities and their benefits to consumers. NAFA’s membership represents every aspect of the fixed annuity marketplace covering 85% of fixed annuities sold by independent agents, advisors and brokers. NAFA was founded in 1998. For more information, visit www.nafa.com.