NAIFA is collaborating with our partners at the American Council of Life Insurers (ACLI) to prepare for efforts by the Department of Labor to revive a version of the fiduciary rule our associations successfully defeated with a federal lawsuit in 2018. NAIFA supports advisors working in their clients' best interests and believes the SEC's Regulation Best Interest and the NAIC model regulation for annuity transactions, so far adopted by 20 states and counting, provide strong consumer protections.
NAIFA and ACLI would like to produce videos of consumers who are happy with their financial advisors under the current system, and particularly those who have benefitted from being able to choose a compensation model -- commissions or fees -- that best suits their needs.
If you know of NAIFA members with clients who might be interested in participating in this project, please have them contact us.