As the US index-linked annuities market continues to grow, regulators are looking to increase investor protection and address any potential mis-selling of products using complex underlying strategies.
A recent spat between the National Association of Insurance Commissioners (NAIC) and the US annuities industry over indexed annuity illustrations suggests annuity providers have some work to do before risk control indexes get the regulatory seal. The domestic watchdog stated recently that it is hard to believe that investors in indexed annuities understand how these indexes work given their complex investment strategies, return calculation methods, and back-filled performance data. Earlier, a N
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