More stories about exploited expatriate investors are starting to hit the news. Here’s another shocker!
Tagged: Zurich International & Others
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.
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.
People working overseas are often left with a cesspool of investment options. And most of them don’t realize how unfortunate most of those selections are. They often get roped into...
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.