by Kim O'Brien | Mar 21, 2019 | Uncategorized
The Fixed Annuity Consumer Choice (FACC) Campaign believes there are significant misconceptions fueling best interest initiatives both at the SEC, NAIC and individual states. FACC urges everyone to read our article 3 Misconceptions About Best Interest published by...
by Kim O'Brien | Jan 14, 2019 | Uncategorized
January 2019 TO: Trade Organizations with Members in the Independent Distribution Channel RE: NAIC Best Interest Regulation We the undersigned are Independent Marketing Organizations (IMOs) and many of us belong to trade organizations or work with companies that...
by Kim O'Brien | Nov 13, 2018 | Uncategorized
For those following NAIC developments, the working group is drafting an update to the model suitability regulation, deciding whether to include an explicit “best interest” provision. It has sparked debate between factions on the working group but the FACC Campaign is...
by Kim O'Brien | Oct 19, 2018 | Uncategorized
Phoenix, AZ, October 12, 2018 – The Fixed Annuity Consumer Choice Campaign (FACC) today released its proposal to require stronger disclosures including a client relationship summary and producer compensation notice. The group contends the best interest proposals...
by Kim O'Brien | Jun 26, 2018 | Uncategorized
After weeks of nervous “where-is-it” speculation, the 5th Circuit Court of Appeals finally issued its mandate vacating the Labor Department’s fiduciary rule. It is a tremendous victory for the financial services industry and for those who believe more government...
by Kim O'Brien | Jun 8, 2018 | Uncategorized
Thank you, Chairman Cameron, Vice-Chairman Ommen, and Committee Members. Thank you for this opportunity to comment. I am Kim O’Brien representing the Fixed Annuity Consumer Choice, or FACC, Campaign. We are an alliance of insurance agents, independent marketing...
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