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.
Tagged: friends provident
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.
In financially academic circles, it’s generally accepted that such products are expensive and inefficient, but their high commissions make them popular among salespeople who market them successfully to clients.
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!