Consumer Groups Call For Essential Consumer Protection Amendment to Help Retirees
The Consumer Federation of America (CFA) and Center for Economic Justice (CEJ) sent a letter requesting an amendment to the Retirement Enhancement and Savings Act. The amendment would modify the annuity safe harbor provision (Section 204) to reflect the reality of the current state of complex and confusing annuity products and the evolving, in-process regulation of these products by state insurance regulators.
