US regulators crack down on complex annuities sales

State watchdogs issue warnings as insurers turn to proprietary index products

Two pensioners
Fears retirees may not understand complex annuities

US insurers selling complex fixed indexed annuities (FIAs) are in regulators' crosshairs, amid concerns that some providers are aggressively pitching products tied to proprietary indexes to consumers who have little understanding of how they generate returns.

In recent years, underwriters have rushed to offer US retirees fixed indexed products – capital-guaranteed investments that generate additional returns linked to the performance of one or more underlying indexes. Most offerings provide

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here