US annuity group pushes for Rila registration reform

The Insured Retirement Institute (IRI) has voiced its support for the enactment of the Registration for Index Linked Annuities (Rila) act, which would oblige the SEC to develop a registration process better suited to insurance products. Calls for a change in framework were first put forward in mid-2020 by four industry trade associations that included the IRI, American Council of Life Insurers, Committee of Annuity Insurers and National Association of Insurance and Financial Advisers. The act