Sen. Warren Says Insurance Industry ‘Kickbacks’ Cost Retirement Savers Billions

A caller study paints the security manufacture arsenic riddled with conflicts of involvement that reward fiscal professionals with lavish trips and different perks for promoting status products with steep fees that tin outgo savers billions of dollars.

Sen. Elizabeth Warren (D., Mass.), a predominant professional of the financial-services industry’s practices, says the results of an probe her bureau conducted into the security assemblage item the request for stronger rules governing the behaviour of income agents. In particular, the report...

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