Warren Reveals Insurer's Use of Hidden Kickbacks, Slams 15 Largest Annuity Companies for Opposition to New Retirement Security Rule
April 30, 2024
April 30, 2024
WASHINGTON, April 30 -- Sen. Elizabeth Warren, D-Massachusetts, issued the following news release:
Senator Elizabeth Warren (D-Mass.) wrote to the country's 15 largest annuity companies, criticizing their opposition to the Department of Labor's (DOL) Retirement Security Rule and revealing their use of secretive incentives and perks to agents in return for steering consumers toward their products. The recipients include: Allianz Life Insurance, Athene Annuity Life, Brightho . . .
Senator Elizabeth Warren (D-Mass.) wrote to the country's 15 largest annuity companies, criticizing their opposition to the Department of Labor's (DOL) Retirement Security Rule and revealing their use of secretive incentives and perks to agents in return for steering consumers toward their products. The recipients include: Allianz Life Insurance, Athene Annuity Life, Brightho . . .