Regulatory Standards for Annuities Should Be Clear and Consistent, Whether State or Federal, According to IMSA

Regulatory Standards for Annuities Should Be Clear and Consistent, Whether State or Federal, According to IMSA: "Regulatory Standards for Annuities Should Be Clear and Consistent, Whether State or Federal, According to IMSA
WASHINGTON--(BUSINESS WIRE)--May 5, 2006--Consumers, companies and sales professionals deserve better, more efficient regulation that reflects dynamic product changes and increasing consumer expectations, not the disorganized and inconsistent patchwork of laws and regulations that exist today said Brian Atchinson, President and CEO of the Insurance Marketplace Standards Association (IMSA) at today's NASD Annuity Roundtable.

'Consumers purchasing annuities and other financial service products should be adequately protected, no matter who regulates the products they are considering,' said Atchinson."