The bill would lower barriers to retirement income products by requiring the regulator to revise rules regarding developing and offering certain annuity products, including Rilas.
A group of insurance industry trade associations have urged the US House Financial Services Committee to put legislation on the House floor for a vote. The legislation, known as the Registration for the Index Linked Annuity Act, was introduced in the summer of 2021 and approved by the Financial Services Committee in late July 2022 and is aimed at reducing market barriers for the sale of registered index linked annuities (Rilas) and expand the use of these retirement products. Now that
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