NAFA searching for new leader to tackle long-term goals

The Board of Directors for the National Association for Fixed Annuities, NAFA, announced March 7 that after careful consideration of the association’s long-term goals, which will focus on growth, expanded advocacy and engagement on behalf of fixed annuities and the annuity industry, it was determined that it was time to seek a new Executive Director.

Chip Anderson, shown at left, has been a long-standing member of the Washington, D.C.-based association and stepped in three years ago as its Executive Director during a time of transition. Anderson will continue in his current role and be an integral part of the selection committee, continuing his support through the transition period.

“We thank Mr. Anderson for his leadership. We are grateful for his guidance through the lawsuit against the Department of Labor and other areas of issue NAFA faced over the last three years,” said Dominic Cursio, chairman on NAFA’s Board of Directors.

NAFA is now actively pursuing a candidate that can execute the Board’s strategic vision for the organization, enhance NAFA’s membership experience, and advocate for the value of fixed annuities. You can learn more information HERE.

NAFA’s initial goal is to have a new Executive Director selected in time for an introduction to membership at the Annuity Leadership Forum and Hill Walk that will be held at the Grand Hyatt Washington in Washington, D.C. from June 13 through 15.

“Of course, we won’t rush the process to hit a date as we want to find the right candidate that can help NAFA meet its long-term objectives.” added Cursio.

The National Association for Fixed Annuities (NAFA) is the premier trade association exclusively dedicated to fixed annuities and was founded in 1998. Their mission is to promote the awareness and understanding of fixed annuities. They educate annuity sales people, regulators, legislators, journalists, and industry personnel about the value of fixed annuities and their benefits to consumers. NAFA’s membership represents every aspect of the fixed annuity marketplace covering 85% of fixed annuities sold by independent agents, advisors and brokers.

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NAFA asks for agent help in urging Congress to pass RESA

Just yesterday (March 6), Anderson sent out an email blast urging members of the financial services community to ask Congress to “improve the retirement security for American families” by passing the Retirement Enhancement and Savings Act (RESA) before the upcoming budget deadline of March 23.

In a statement, Anderson said:

RESA incorporates long-supported bipartisan provisions that improve and enhance the employer-provided retirement system. In particular, the legislation encourages small-employer retirement plan coverage, worker participation and education, and facilitates greater annuity options to provide guaranteed lifetime income in retirement. NAFA has supported RESA for a number of years, and now it appears Congress ready to act. But they need our support!

NAFA is asking financial services professionals to submit letters HERE and urge representatives in Congress to help retirement savers by passing RESA as part of the upcoming spending package.