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Fixed Annuity Group Still Looking for a President

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The National Association for Fixed Annuities is still out looking for a new president and chief executive officer.

Chip Anderson, NAFA’s executive director, announced plans to retire this past spring, after helping to lead members’ successful efforts to fight the U.S. Department of Labor’s fiuciary rule.

(Related: Indexed Annuities Star in 5th Circuit DOL Fiduciary Rule Opinion)

Anderson took over as the group’s executive director in 2015, after Kim O’Brien retired.

The NAFA board had hoped to find a successor for Anderson quickly but the group has decided to continue the search until Sept. 15, the group announced today.

More information about the search is available here.

NAFA was founded in 1998 to represent the fixed annuity community.

Before Washington-based group took on the DOL fiduciary rule, It helped organize a successful effort to keep the U.S. Securities and Exchange Commission from regulating indexed annuities as securities.

NAFA says in a description of what it wants in its next president that it’s seeking someone with strong and varied experience in the life and annuity industries; experience with running a nonprofit organization; and the ability to manage an organization with workers based in different locations, who interact mostly through the telephone and through the web.

Because of NAFA’s virtual office approach, the new president need not move to Washington, NAFA says.

But NAFA says the new president must be prepared to travel up to about 50% of the time.

— Read Dominic Cursio to Lead Annuity Industry Groupon ThinkAdvisor.

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