Tuesday, May 16, 2006

 

Regulator Sees Danger In Annuity Specialization

Some brokerage representatives are concentrating on selling one type of annuity and are making unsuitable sales as a result, according to the Alabama securities commissioner.

Industry officials acknowledge that product specialization exists, but they argue that it is a healthy trend that is occurring as a result of the increased number of annuity products being offered and the fact that the 76 million baby boomers are closing in on retirement.

Regulator Sees Danger In Annuity Specialization
Source: Investment News (subscription required)

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