Variable annuities a top source of customer complaints: FINRA
June 30, 2014 by Emily Holbrook
True, there has been a certain amount of de-risking in the world of variable annuities. But according to FINRA’s chief risk officer, Carlo di Florio, they remain one of the top products for customer complaints. The specific product in question: VAs that include “buffers and caps,” according to di Florio. FINRA is also watching other complex products such as interest-rate sensitive products like long duration bonds and exchange-traded funds, as well as corporate bonds.
—Emily Holbrook
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FINRA continues to be “very focused” on variable annuities, as they remain one of the “top” products for customer complaints, Carlo di Florio, FINRA’s chief risk officer, said Monday.
Originally Posted at LIfeHealthPro on June 30, 2014 by Emily Holbrook.
Categories: Industry Articles
