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Source: "When to Commence Income Annuities," Jeffrey K. Dellinger, Retirement Income Solutions Enterprise, Inc., 2011
July 29, 2009, Featured Articles, Regulations/Legal , Annuities
Will SEC Rustle Insurers’ Cash Cow?
A federal appeals court has ruled that index annuities are risky enough to be called securities, but it also gave insurance forces time to pursue a legislative remedy in this regulatory turf war.
Not much was permanently resolved last week by a federal appellate court's decision in the matter of American Equity Investment Life et al. v. the Securities and Exchange Commission, in which the fixed indexed annuity (FIA) industry is challenging the SEC's right to regulate its product.
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