The rising demand for retirement products including fixed indexed annuities (FIAs) and registered Index-Linked Annuities (Rilas) is raising concerns among market players who fear heightened regulatory intervention from lawmakers.
Annuities are catching up with other long-dated investment products, as policy changes will require product issuers and brokers to disclose more about product mechanics and take on a fiduciary duty. These changes should ultimately benefit investors but will demand more investment from the sell-side and likely upend an annuities market landscape that has already been in flux the past few years. The Insured Retirement Institute (IRI) put forward a bill to the US Senate earlier in the year urging