FINRA Asks Members to Check RILA Disclosures

January 31, 2023 by Allison Bell

The Financial Industry Regulatory Authority says financial firms should be ready to show examiners what they tell investors about registered index-linked annuities.

The Washington-based organization has added a line about RILAs to the variable annuity section in a report on its examination and risk monitoring priorities for 2023.

“If your firm offers registered indexed-linked annuities (RILAs), do the products’ disclosures address buffer and cap rates, as well as market value adjustment risks?” FINRA asks in the new “related considerations” item.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvsior on January 26, 2023 by Allison Bell.