Stop rewarding annuity high-rollers with exotic trips, tacky jewelry
Even as fiduciary duty becomes a common phrase in the parlance of financial advisers, insurance agents are still offered gold watches and other incentives for annuity sales.
Sen. Elizabeth Warren brought the issue of incentives in exchange for annuity sales to the fore in late April, when she sent letters to senior executives at the largest sellers of fixed, indexed and variable annuities. In those missives, she pointed out industry's use of incentives to reward agents
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