Senator Warren Launches Investigation of Rewards and Incentives Offered to Annuities Dealers Advising Retirees
403b.substack.com
For almost two decades I've written (see here and here) and railed against the standard industry practice of rewarding those who sell annuities with special trips, bonuses or other perks in addition to what sometimes are outrageous commissions. This undisclosed conflict of interest hurts annuities, hurts the reputation of the good insurance agents and most importantly hurts the purchasers of these products. If an annuity product is good for a client, it doesn't need to come with extra perks to sell it. Finally, someone in Congress is listening to what we've been saying.
Senator Warren Launches Investigation of Rewards and Incentives Offered to Annuities Dealers Advising Retirees
Senator Warren Launches Investigation of…
Senator Warren Launches Investigation of Rewards and Incentives Offered to Annuities Dealers Advising Retirees
For almost two decades I've written (see here and here) and railed against the standard industry practice of rewarding those who sell annuities with special trips, bonuses or other perks in addition to what sometimes are outrageous commissions. This undisclosed conflict of interest hurts annuities, hurts the reputation of the good insurance agents and most importantly hurts the purchasers of these products. If an annuity product is good for a client, it doesn't need to come with extra perks to sell it. Finally, someone in Congress is listening to what we've been saying.