NAIFA’s McNeely sees a ‘glimmer of hope’ on the fiduciary rule
May 19, 2015 by Warren S. Hersch, whersch@SummitProNets.com
The National Association of Insurance and Financial Advisors, led by NAIFA President Juli McNeely, is spearheading an effort to block implementation of the Department of Labor’s second iteration of its proposed fiduciary rule. The association believes the proposal would impose unacceptably steep costs on registered reps of broker-dealers recommending retirement products — among them the hundreds of NAIFA members due to take up the issue when they head to Capitol Hill on Wednesday during the association’s Congressional Conference, taking place May 19-20.
In advance of the meeting, McNeely spoke with LifeHealthPro Senior Editor Warren S. Hersch to explore NAIFA’s concerns about the DOL proposal, as well as progress to date on discussions between the association’s leadership and members of the DOL staff. Click HERE for the excerpts.