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April 08, 2015 at 01:54 PM
Chip Anderson will take the helm of NAFA on May 1, 2015. An industry veteran with extensive experience on the annuity side of the business, Anderson will fill the role opened when Kim O’Brien stepped down earlier this year.
Anderson earned the position due to his “prominence in the industry and his reputation as a proven leader and annuity advocate,” said S. Christopher Johnson, Chairman of the NAFA Board of Directors. “His knowledge of the organization runs deep due to his six-year tenure on the NAFA Board of Directors, serving as Treasurer, Secretary, Vice Chairman and ultimately, Chairman. NAFA couldn’t be better positioned for future success with Chip at the helm of the organization.”
Anderson has worked in the trenches with NAFA in the past, including last summer when he attended NAFA’s Leadership Forum in Washington, DC. While there, he and other NAFA leaders met with members of Congress and their staffs. As advocates for annuities, the NAFA team had a strong message for the Congressmen: They wanted to show their opposition to the Democrats’ proposed tax reform bill, citing the negative impact it would have on annuity sales.
They also discussed concerns with the Department of Labor’s proposed fiduciary duty rule for annuities sold in qualified plans. As Anderson explained in an article he penned for his most recent employer, CreativeOne, “The industry has successfully operated under a state-based regulatory system that uses the suitability standard of care. Imposing a fiduciary standard on annuity producers would result in less consumer access to products and fewer producers and distributors to offer them.”
