Warren: Kickbacks For Annuity Brokers Create Conflicts Of Interest

Sen. Elizabeth Warren is going up against another branch of the financial services industry.

This time it's companies that offer annuities — and the brokers they use to sell them. Warren says the losers in all of this are Americans who are sold annuities by a broker who's getting a kickback — such as a tropical vacation.

Sen. Warren's office released a report on the topic this week. She joined WBUR's All Things Considered to explain the issue.