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11 Trade Association CEOs Urge Congress To Remove Advisors From PRO Act

11 Trade Association CEOs Urge Congress To Remove Advisors From PRO Act
Falls Church, VA (March 4, 2021) Kevin Mayeux, CEO of the National Association of Insurance and Financial Advisors (NAIFA), and the CEOs of 10 other insurance and financial services trade associations sent a letter to House Speaker Nancy Pelosi and Minority Leader Kevin McCarthy urging Congress to address concerns with the Protecting the Right to Organize (PRO) Act (H.R. 842).
The PRO Act would change the definition of “independent contractor” in federal labor law, potentially affecting the status of insurance and financial professionals and disrupting established and effective business models. The industry serves more than 112 million American families, providing products, services, and advice that help their clients achieve financial security and prosperity. ....

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COVID-19 Prompts Consumers To Save More Money: EY Survey

COVID-19 Prompts Consumers To Save More Money: EY Survey
This is according to the
EY Global Insurance Consumer Survey, a survey of more than 2,700 consumers across Europe and North America with life and personal line insurance.
The research, released today, offers insights into how the COVID-19 pandemic has impacted consumers’ lives. To better understand their concerns and needs, the survey groups respondents into three segments: most financially impacted, moderately financially impacted and least financially impacted.
Consumers Most Financially Impacted Plan To Minimize Future Financial Risk
The most financially impacted demographic experienced the biggest change in their financial security and stability compared to pre-pandemic levels. Ninety-one percent of this segment experienced a loss in work schedule, 90% experienced a loss of income and 86% felt the need to dip into their savings to meet their everyday expenses, according to the survey. ....

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Karim Hill To Lead The American College's Center For Economic Empowerment And Equality

KING OF PRUSSIA, PA – February 11, 2020 – George Nichols III, President and CEO at The American College of Financial Services, announced today that Karim Hill has been named the inaugural Executive Director of The American College Center for Economic Empowerment and Equality. As Executive Director of The College’s newest Center of Excellence, Hill will oversee the Center’s research, thought leadership, curriculum and course development, programming, and scholarships aimed at promoting economic justice for underserved communities.
“Our exhaustive national search has come to an end and was well worth it. Karim brings a unique skillset to The College that complements our near century in financial services, having earned significant career success at some of our nation’s largest banks, representing his dedication to the industry and his ability to communicate and execute upon complex ideas to improve the lives of others,” said Nichols. “His embrace of the possibili ....

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MDRT Revises Production Requirements For 2021

MDRT Revises Production Requirements For 2021
PARK RIDGE, Ill. (Feb. 9, 2021) Throughout its nearly 100-year history, MDRT has evolved alongside the financial services profession, adapting and innovating its leading production requirements to best serve top financial professionals worldwide. In the face of last year’s business challenges, MDRT innovated once more, adjusting 2021 production requirements to ensure equal opportunity for qualified financial services professionals around the globe while maintaining the association’s ongoing standard of excellence.
As the premiere association of financial professionals, MDRT qualification has long set the standard for success, with companies worldwide referencing the association’s production requirements as a benchmark for identifying top-performing employees. Acknowledging the influence its high standards have on the financial services profession, as well as the pandemic’s unprecedented but unique impact on each count ....

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