Most schools are plagued by visits from silver-tongued financial representatives, bleeding employees like leaches. Products sold by reps for Zurich International, Friends Provident and Generali Vision ferment along the halls of shame.
Category: Zurich International & Others
If you invest with Zurich International or Friends Provident, the odds are good that you own a Variable Annuity product.Try to find a financial academic, however, suggesting that they’re a good deal, and you might as well be panning for gold in your bathtub.
The comments on my blog are filled with crushing stories of product misrepresentation, and many hard-working expatriates have been pulled into the webs of deception. Tony Noto, an independent financial advisor, wrote a fabulous article which contributes to the transparency investors deserve.
In the world of investment products, low fees are good for investors. High fees are good for commission hungry salespeople.
My new online friends have a dilemma: Their investments have a market value of $150,000 U.S., but if they withdraw their money now, they’ll pay a penalty of $45,000!
Beware the traveling salespeople. They’re looking to make money from naiveté. And too many expatriate Brits in Singapore are getting crushed.