Investor Protection

How Conflicted Fixed Indexed Annuity Recommendations Can Harm Retirement Savers

Retirement savers suffer harm as a result of conflicted investment advice—advice that puts the financial professional’s interests ahead of retirement savers’. Retirement savers who rely on bad advice by financial professionals can be exposed to higher costs, lower returns, greater risks, and excess illiquidity, which can undermine their retirement security. The harms to retirement savers can be particularly acute in fixed indexed annuity (FIA) markets.