Most Clicked NAIFA SmartBrief Stories


1. 401(k) case before high court likely to affect advisers

NAIFA SmartBrief | Feb 25, 2015

A lawsuit regarding a 401(k) plan that is before the U.S. Supreme Court likely will have consequences for pension advisers and fiduciaries, regardless of outcome, retirement experts say. Both sides in the dispute agree that professionals guiding a pension plan have a responsibility to ensure an investment is wise. InvestmentNews (free registration) (02/24)


2. President to advocate for fiduciary rule for brokers

NAIFA SmartBrief | Feb 23, 2015

President Barack Obama plans to announce in a speech today to the AARP that he's directing the Labor Department to move forward with a proposed fiduciary standard that would require brokers and advisers to consider only what's best for clients when giving advice on retirement plans. The proposal is opposed by GOP lawmakers and some industry groups. Reuters (02/23) Politico (02/23)


3. Official: White House has no recourse if ACA tax credits are invalidated

NAIFA SmartBrief | Feb 26, 2015

The Obama administration would not be able to restore tax credits that support health insurance under the Affordable Care Act if the Supreme Court invalidates them in states with federally run exchanges, Health and Human Services Secretary Sylvia Mathews Burwell wrote in a letter to Sen. Orrin Hatch, R-Utah. Reuters (02/24)


4. Obama's push for fiduciary rule prompts criticism within industry

NAIFA SmartBrief | Feb 24, 2015

Financial-services industry groups say a fiduciary standard backed by the White House and expected to be proposed by the Labor Department would limit investors' access to advice and reduce broker compensation. "Middle- and lower-market investors would have a hard time finding wealth managers willing to work with them, and they would be left without any professional guidance to secure their financial future," said NAIFA President-elect Jules Gaudreau. ThinkAdvisor (02/23) Baltimore Sun, The (02/23) Los Angeles Times (tiered subscription model) (02/23) Reuters (02/23)


5. White House releases rule on enrollment dates for 2016 ACA plans

NAIFA SmartBrief | Feb 24, 2015

The open-enrollment period for a 2016 Affordable Care Act health insurance plan will run from Nov. 1 through Jan. 31 under a final rule issued by the Obama administration. Wall Street Journal (tiered subscription model), The (02/20)


6. LTC claims payments rose 5% in 2014, group says

NAIFA SmartBrief | Feb 27, 2015

Claims payouts by private long-term-care insurers totaled $7.85 billion last year, a 5% increase over 2013, according to a report from the American Association for Long-Term Care Insurance. National Underwriter Life & Health (02/25)


7. Commentary: Cash-value life insurance can have many benefits

NAIFA SmartBrief | Feb 27, 2015

Cash-value life insurance can provide policyholders with tax advantages, guaranteed benefits and certain safeguards against creditors, writes Russell Towers of Brokers' Service Marketing Group. National Underwriter Life & Health (02/26)


8. Decreases in commissions are reason for concern, NAIFA's Boyle says

NAIFA SmartBrief | Feb 24, 2015

Assurant Health says it will cease paying agent commissions for new business in some markets. Insurers in general are having to adjust their budgets to deal with the medical loss ratio under the Affordable Care Act, creating difficulties for compensating agents, said Diane Boyle of NAIFA. "Pushing the agent's assistance out of the picture hurts the consumer in the long run," Boyle said. Employee Benefit Adviser (02/23)


9. QLACs transform Social Security claiming strategies

NAIFA SmartBrief | Feb 25, 2015

Qualified longevity annuity contracts, which are relatively new, have the potential to reshape retirement planning, write Robert Bloink and William Byrnes. QLACs "can drastically alter even the most basic Social Security strategies, including the typical plan for maximizing retirement income by delaying benefits," they write. National Underwriter Life & Health (02/24)


10. Bill would require SEC to act before Labor on fiduciary rule

NAIFA SmartBrief | Feb 26, 2015

A bill introduced by Rep. Ann Wagner, R-Mo., would require the Securities and Exchange Commission to act on a fiduciary standard for financial advisers and brokers before the Department of Labor adopts a rule. A similar measure backed by Wagner passed in the House last year but wasn't taken up by the Senate. Hill, The (02/25) St. Louis Post-Dispatch (02/25)




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