U.S. Targets Indexed Annuities in Obama Retirement Rules

  • Regulation may negatively impact sales, analyst says
  • AEL, second biggest seller of product, drops most since 2009

The U.S. is cracking down on the $54.5 billion market for indexed annuities, tightening standards for a product that has been gaining popularity in recent years. American Equity Investment Life Holding Co., the second biggest seller of such products, fell the most since 2009.

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