Did Allianz mislead older buyers on annuity sales?

The current CEO, Gary Bhojwani, testified this month on Capitol Hill that Allianz runs a clean operation. Less than 1 percent of its annuity buyers have filed complaints, he added.

"If you look at the magnitude of the company, if you look at the number of transactions, I think the data says there's not this huge systemic problem," he said in a recent interview with the Star Tribune.

Did Allianz mislead older buyers on annuity sales?
Source: Star Tribune