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Investment Advice Rule Could Still End Up Back In Court

Investment Advice Rule Could Still End Up Back In Court
Not quite.
There could be plenty more changes in store before the investment advice rule is finally in place, said Brad Campbell, a partner at Faegre Drinker Biddle & Reath, during a Thursday webinar sponsored by the National Association for Fixed Annuities.
In fact, more lawsuits might still be argued before the industry has a settled rule, Campbell said.
The potential legal issue concerns the best interest standard included in the investment advice rule, he explained. In 2018, the Fifth Circuit Court of Appeals tossed out the fiduciary rule, a predecessor to the current rule, ruling that the DOL exceeded its authority by creating a new regulatory scheme for the retirement plan space. ....

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NAFA Welcomes 2021 Board of Directors

NAFA Welcomes 2021 Board of Directors
Board Grows as New Electees Look to Drive Engagement through Continued Innovation and Annuity Leadership
Washington, DC, January 16, 2021 (PR.com) The general membership of NAFA, the National Association for Fixed Annuities, unanimously approved an extended slate of candidates presented for its 2021 board of directors. Nominations were received from the membership at large, and candidates were vetted by the current board before being proposed at the association’s annual meeting in November. Due to the ongoing coronavirus pandemic, the meeting was held virtually and the vote was captured digitally.
With an exceptional talent pool under consideration, the board moved to expand its number of board members to 25. Membership voted in favor of the expansion, electing eight new members and two members to a second term. These industry leaders are poised to help the association continue navigating an unprecedented environment as well ....

United States , Ryan Lex , Jim Maietta , Heather Kane , Jason Krohnke , Andrew Payne , Brian Peterson , Mike Tripses , Lauri Beck , Jason Kestler , Mike Morrone , Mark Williams , Wes Gilbreath , Craig Rudesill , Paul Kruth , Jay Brown , Brad Newcomb , Tamiko Toland , Matt Tarkenton , Eric Taylor , Tim Minard , Maureen James , Bruce Donaldson , Chuck Divencenzo , David Wolfe , Adam Lunardini ,

New Book - Today's Annuities by Industry Leader Harry N. Stout Guides Consumers Through the World of Annuities (financialverse.com/annuity)

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VERO BEACH, Fla., Dec. 16, 2020 /PRNewswire/ Consumers are facing an income crisis and are scrambling to generate income from their accumulated assets. With low interest rates there are few places to look to generate protected lifetime income streams. The most misunderstood and underutilized available products are annuities. Research has shown that one of the major reasons consumers overlook annuities is that they don t understand the products. They don t understand how to use these products as a tool to create protected lifetime income.
Today s Annuity Products - A Tool to Create Protected Lifetime Income
New book Today s Annuity Products is a must read to understand annuity products and how they work ....

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