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 retu

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 indvidual account here: