The US Securities and Exchange Commission's (SEC) warning shot about the sales of indexed annuities has sparked confusion. But sales volume of these products continues to grow.

Fixed indexed annuity (FIA) sales continue their upward tendency and stood at US$20 billion in the second quarter, 14% higher than prior year results, according to the Limra Secure Retirement Institute (Limra SRI) second quarter US annuity sales survey. The market numbers were released a week after the regulator’s Office of Investor Education and Advocacy released its latest investor bulletin on indexed annuities which has revived the uncertainty surrounding the market around the now

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