May 9–11, 2018     ||     Washington, D.C.

Agenda

As of April 16, 2018


Please note that all items in this agenda are subject to change, and will be updated regularly. Check back often!

Wednesday, May 9, 2018

(All events on Wednesday are closed to the press and regulators)

9:30 am - 10:30 am

IRI Retirement Plans and Tax Committee Meeting

Invite Only

 9:30 am - 10:30 am

IRI State Affairs Committee Meeting

Invite Only 

 10:30 am - 11:30 am

IRI Securities Meeting

Invite Only

11:00 am - 4:00 pm

Retirement Plans Forum

Co-Sponsored by Eversheds Sutherland and Groom Law Group

This is a pre-conference event, with separate registration required – please email conferences@irionline.org to register. 

Moderators
Mark Smith
Partner
Eversheds Sutherland

Tom Roberts
Principal
Groom Law Group


 

Retirement Plans Forum Agenda
 11:00 am - 12:15 am  Washington Report
 12:15 am - 1:30 pm  Moving Beyond the DOL Rule
 1:30 pm - 2:00 pm Pie Break
 2:00 pm - 3:15 pm Current Challenges: Missing Participants and Cyber Security
 3:15 pm - 4:00 pm Enforcement and Litigation
 4:00 pm  Wrap Up
12:00 pm - 2:00 pm

IRI Ops & Tech Senior Steering Committee Meeting

Invite Only; Off-Site

2:15 pm - 3:30 pm

IRI Utopia and New Business Working Group Meeting

Off-Site

 3:45 pm - 5:00 pm

1035 and Automation Working Group Meeting

1:00 pm - 5:00 pm

Conference Registration Open

 5:00 pm - 5:30 pm

First Time Attendee Reception 

 5:30 pm - 6:30 pm

Reception Honoring IRI Committee and Working Group Members

Open to All

Thursday, May 10, 2018

7:30 am - 6:00 pm

Conference Registration Open

7:30 am - 8:30 am

Legal Demos and Tech Room Open

Breakfast Served

8:30 am - 8:45 am

Welcome Remarks


Speakers
Jason Berkowitz
Vice President & Counsel, Regulatory Affairs
Insured Retirement Institute

Peggy Ho
Executive Vice President & Deputy General Counsel
LPL Financial
Co-Chair, IRI ACTION18 Planning Committee

John Pereira
Manager, Process Management, eCommerce Operations
Prudential Annuities
Co-Chair, IRI ACTION18 Planning Committee 
8:45 am - 9:15 am

The Retirement Income Industry at the Intersection of Technology and Regulation

9:15 am - 9:45 am

SEC Update


Hear from the head of the SEC’s Investment Management Division on several important SEC initiatives, including the potential development of a uniform standard of care for broker-dealers and investment advisers (and how that initiative would interact with the DOL fiduciary rule), the variable annuity summary prospectus, the ongoing review of the current disclosure regime, and other subjects relevant to the insured retirement industry.


Moderator
Richard Choi
Shareholder
Carlton Fields Jorden Burt, P.C.

Speaker
Dalia Blass (invited)
Director, Division of Investment Management
U.S. Securities and Exchange Commission

9:45 am - 10:15 am

Standards of Conduct, Retirement Security and the Future of State Insurance Regulation: The Latest from the NAIC


During this session, Iowa Insurance Commissioner Doug Ommen, the Chairman of the NAIC’s Life Insurance and Annuities Committee, will provide an update on the NAIC’s efforts to incorporate a best interest standard into its annuity suitability model regulation, and how that effort relates to the work being done by the SEC, FINRA, the DOL, and individual states. In addition, he will share his thoughts on the evolution of the insurance industry, including the potential for use of electronic applications and disclosure materials, cybersecurity, and emerging technologies such as blockchain, bitcoin and other cryptocurrencies, and artificial intelligence. Commissioner Ommen will also discuss how state regulators can encourage consumers to prepare for retirement and protect older investors against financial exploitation.

Moderator
Matthew Ahmann (invited)
Government Relations
Principal Financial Group

Speaker
The Honorable Doug Ommen
Commissioner
Iowa Insurance Division
Chairman
National Association of Insurance Commissioners (NAIC) Life Insurance and Annuities (A) Committee

 

10:15 am - 10:30 am

Networking Break

10:30 am - 11:15 am

Breakout Sessions - First Round


a. The Evolving Variable Annuity Market (repeats)
b. Innovation in the Fixed and Fixed Indexed Annuity Marketplace (repeats)
c. Emerging Issues in State Insurance and Securities Regulation (repeats)
d. Cybersecurity Update: When the Rubber Hits the Road
e. Best Practices for Data Usage (repeats)
f. Increasing Adoption: Success Stories (repeats)
 11:15 am - 11:30 am

Transition Break

11:30 am - 12:15 pm

Breakout Sessions - Second Round


a. The Evolving Variable Annuity Market (repeats)
b. Innovation in the Fixed and Fixed Indexed Annuity Marketplace (repeats)
c. Emerging Issues in State Insurance and Securities Regulation (repeats)
d. Protecting Older Investors
e. Best Practices for Data Usage (repeats)
f. Increasing Adoption: Success Stories (repeats)

12:15 pm - 1:30 pm 

Legal Demos and Tech Room Open / Birds of a Feather

Lunch Provided

1:30 pm - 2:15 pm

Power Sessions - First Round


a. The Hottest Litigation Topics - A Year in Review
b. OT Working Group Reporting

2:15 pm - 3:00 pm

Power Sessions - Second Round


a. A View from Capitol Hill
b. Utopia Group
3:00 pm - 3:30 pm

Transition Break

3:30 pm - 4:00 pm

A Conversation with NASAA President Joe Borg


With the North American Securities Administrators Association (NASAA) playing a larger role in the retirement income landscape, NASAA’s president-elect and Alabama Securities Commission Director Joseph Borg is in a prime position to give an update on NASAA’s priorities for the retirement industry. During this session, Director Borg will discuss what NASAA and state regulators are working on to expand and strengthen protections for senior investors, provide insight into the future of the fiduciary rule and the possibility of a state best interest standard, as well as other NASAA initiatives to promote a fair and transparent marketplace for investors.

Moderator
Mark Quinn
Director of Regulatory Affairs
Cetera Financial Group

Speaker
The Honorable Joseph P. Borg
Director
Alabama Securities Commission
President
North American Securities Administrators Association (NASAA)
4:00 pm - 4:45 pm 

Political Update


Speaker

Mike Allen
Founder & Executive Editor
AXIOS
4:45 pm - 5:30 pm 

CEO Panel - State of the Industry


The Chairman and Vice Chairman of IRI’s Board of Directors join our SVP and General Counsel for a conversation about the Board’s top priorities for the coming year, and a look ahead at the future of IRI and the industry. Against the backdrop of this inaugural ACTION conference, Robert and Bill will discuss the importance of effective collaboration and cooperation between the legal & compliance and operations & technology functions. They will also share their thoughts on IRI’s plans for continued engagement on the development of a best interest standard, the growth and expansion of IRI’s efforts to protect older Americans against financial exploitation, IRI’s 2018 Retirement Security Blueprint, and more.

Moderator
Lee Covington
Senior Vice President & General Counsel
Insured Retirement Institute

Speakers
Robert DeChellis
President & Chief Strategist
Allianz Exchange
Chairman
IRI Board of Directors

Bill Morrissey (invited)
Managing Director & Divisional President, Independent Advisor Services
LPL Financial
Vice Chairman
IRI Board of Directors
 5:30 pm - 5:45 pm

Closing Remarks


Speakers

Jason Berkowitz
Vice President & Counsel, Regulatory Affairs
Insured Retirement Institute

Jim Quinn
Vice President, Operations & Technology
Insured Retirement Institute

6:00 pm - 7:00 pm 

Welcome Reception

Law Firm Presentations and Demo Room Open 

Friday, May 11, 2018

7:30 am - 6:00 pm

Conference Registration Open

7:30 am - 9:00 am

Networking Breakfast

8:00 am - 8:15 am

Welcome Remarks


Speakers
Jim Quinn
Vice President, Operations & Technology
Insured Retirement Institute

Peggy Ho
Executive Vice President & Deputy General Counsel
LPL Financial
Co-Chair, IRI ACTION18 Planning Committee

John Pereira
Manager, Process Management, eCommerce Operations
Prudential Annuities
Co-Chair, IRI ACTION18 Planning Committee

8:15 am - 8:45 am

DOL Update


8:45 am - 9:30 am

How We Learned to Stop Worrying and Love the Best Interest Standard


Hear from a panel of industry experts and thought leaders on the evolving regulatory landscape for financial professionals. The panel will provide a brief overview of the recent 5th Circuit decision to vacate the DOL fiduciary rule, explore some of the most significant operational issues facing firms and advisors as they move to ‘de-implement’ the rule, and discuss the efforts underway at the SEC, the DOL, the NAIC and across the states to establish a harmonized best interest standard of conduct.

Moderator
James F. Jorden
Shareholder
Carlton Fields Jorden Burt, P.A.

Speakers
Robert Dearman
Vice President, Strategic Initiatives
Jackson

Manda Ghaferi
Vice President and Deputy General Counsel
AIG Life & Retirement

Jesse Hill (invited)
Principal, Legal – Government and Regulatory Relations
Edward Jones
9:30 am - 10:00 am

The Evolution of FINRA: Looking Back and Looking Ahead


As the self-regulatory organization for the broker-dealer industry, FINRA plays a significant role in regulating the distribution of many insured retirement products. In this session, you will hear about recent FINRA strategic efforts affecting our industry, including the comprehensive self-evaluation and organizational improvement initiative known as FINRA360, and the recent proposal to amend the rules governing outside business activities. You will also hear about FINRA’s examination priorities and ongoing efforts to protect seniors.

Moderator
TBD

Speaker
Emily Gordy
Partner
McGuireWoods LLP
Former Senior Vice President, Enforcement
Financial Industry Regulatory Authority (FINRA)

 10:00 am - 10:15 am

Transition Break

10:15 am - 11:00 am

Power Sessions / Breakout Sessions - Third Round


a. Federal Regulatory Trends Affecting Variable Products and Underlying Funds
b. 1035 Automation Use Case (repeats)
c. DOL Implementation: The Long and Winding Road (repeats)
d. The Advisor Annuity Opportunity: Industry Redux, Lifeline or Growth Engine (repeats)
 11:00 am - 11:15 am

Transition Break 

11:15 am - 12:00 pm 

 Power Sessions / Breakout Sessions - Fourth Round


a. SEC and FINRA Examination and Enforcement Priorities
b. 1035 Automation Use Cases
c. DOL Implementation: The Long and Winding Road (repeats)
d. The Advisor Annuity Opportunity: Industry Redux, Lifeline or Growth Engine (repeats)
 12:00 pm - 12:30 pm

 Closing Remarks


Speakers
Jason Berkowitz
Vice President & Counsel, Regulatory Affairs
Insured Retirement Institute

Jim Quinn
Vice President, Operations & Technology
Insured Retirement Institute