RIN 1210-AB79– Comments on Proposed Delay of Conflict of Interest Rule Applicability Date
April 10, 2017 by Chip Anderson
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 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:
Send your response to the DOL today; the deadline is 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.
Thank you for your support,
Chip Anderson
Executive Director of NAFA
