The stories of heartache continue rolling in from investors feeling duped by groups like Friends Provident, Zurich International and Generali Vision.
But it wouldn’t be fair to ignore the horrific costs of Royal Skandia. One Hong Kong based financial rep suggests that 75 percent of investment platforms sold in Hong Kong are insurance linked. Known as variable annuities in the U.S., these products sold in Asia appear far worse than their U.S. counterparts.
As this South China Post article explains, there’s a long (now very visible) trail of woe in the wake of these schemes.
Permanent link to this article: http://andrewhallam.com/2013/07/royal-skandia-on-the-list-of-legal-corruption/
Many people aren't comfortable talking about money. It's not usually a conversational dinner-time topic, and its principles are rarely taught in schools. My goal is to have a "conversation" about it here, on this blog. If you read something you find intriguing, please comment or ask your questions! I am also the author of the book: Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned at School. If you'd like to find out more about my investing philosophy, read my "Nine Laws to Financial Freedom."
AndrewHallam.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.
All trademarks mentioned belong to their owners, third party brands, product names, trade names, corporate names and company names mentioned may be trademarks of their respective owners or registered trademarks of other companies and are used for purposes without implying a violation of copyright law.