The Securities Industry and Financial Markets Association's Economic Advisory Roundtable forecasts that the pace of U.S. economic growth will slow in the first half of 2008, but accelerate in the second half of the year. The median forecast in the survey anticipates GDP will grow 2.1% in 2008 as the economy "works through the housing sector contraction and the effect of credit market turbulence." Most respondents do not expect housing prices to "hit bottom" and begin to recover nationally until 2009.
The National Association of Insurance and Financial Advisors (NAIFA) has launched the NAIFA Partners for Advocacy Program, designed, it says, to give companies and agencies "a voice against harmful legislation and regulation that has a direct impact on the insurance and financial services industry." (www.naifa.org/corporatepartnerships).
To help evaluate industry designations, The American College has developed a Designation Toolkit (theamericancollege.edu/designationtoolkit) with a six-point format to assist companies with their due diligence process and guidelines for the use of designations by advisors.