Consumer Group Urges Congress To Cut Regulatory Barriers To Index-Linked Annuities
September 7, 2021 by Tracey Longo
It’s not every day the Consumer Federation of America aligns its lobbying interests with the annuities industry, but the powerful group is making an exception, sending a letter to lawmakers asking them to pass legislation that would allow companies to streamline their registration and create more meaningful disclosures for index-linked annuities products.
The bipartisan “Registration for Index-Linked Annuities Act” was reintroduced in July and directs the Securities and Exchange commission to devise a new form for insurers and annuities companies to use when filing registered index-linked annuities, or RILAs. Click HERE to read the full story via Financial Advisor
Wink’s Note: Wink’s CEO urges the industry to use the term “structured annuities” instead of RILAs.
