The US Securities and Exchange Commission’s (SEC) office of investor education and advocacy has updated its bulletin on broadening client knowledge of indexed annuities.
The move comes as the industry suffers a considerable hit in terms of sales, as reported by the Secure Retirement Institute, Limra. The bulletin was issued on 31 July, and details contextual information surrounding indexed annuities, how a return is calculated, indexing methods and the various risks involved with purchasing the investment. The updated SEC guidelines inform investors of the risks of indexed annuity securities, urging them to read the prospectus, ask the question of the level of
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