Breach of duty to inform and advise when brokering an interest rate differential transaction or credit-financed annuity
Direct investor protection (issue DA No 29A/06)
Direct investor protection (issue DA No 29A/06)
Insurance law: inform in good time Nowadays, there is almost no aspect of life that cannot be covered by a insurance. The field of insurance law is broadly diversified and applies both in the area of private provision and in corporate risk minimization. Many insurances are almost regarded as basic equipment for a “carefree” life. […]
Pursuant to § 7 Para. 1 of the German Insurance Contract Act (VVG 2008), insurance companies must inform their customers in text form of the “contractual provisions, including the general terms and conditions of insurance, as well as the information specified in a statutory instrument pursuant to Para. 2” before concluding a contract. This […]
Collect a secure pension every month until the end of your life and save taxes at the same time ? this argument convinces many investors. For more than 20 years, an ingenious financial product has been selling like hot cakes that is difficult for customers to understand: a credit-financed annuity for life, in which the […]
*by Dr. Johannes Fiala, Lawyer (Munich), Mediator (Univ.), MBA Financial Services (Univ.Wales), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), EC Expert (C.I.F.E.), Lecturer in Civil Law (Univ. of Cooperative Education), Banker (www.fiala.de) Who does not know them, the so-called leverage models – an instrument to multiply the sales commission: The customer invests in an […]
*by Dr. Johannes Fiala, Lawyer (Munich), Mediator (Univ.), MBA Financial Services (Univ.Wales), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), EC Expert (C.I.F.E.), Lecturer in Civil Law (Univ. of Cooperative Education), Banker (www.fiala.de) Who does not know them, the so-called leverage models – an instrument to multiply the sales commission: The customer invests in an […]
Life insurance policies for the repayment of construction loans The combination of several financial products (e.g. building loan and life insurance, real estate loan and building society contract) promises the investor additional income through possible interest rate differences or tax savings, and at the same time additional commission for the agent. However, it is not […]
From the series of newsletters of the DHBW (Baden-Wuerttemberg Cooperative State University) Heidenheim on the topic “Mediation Law in Practice”: At this point, lawyer Dr. Johannes Fiala, https://www.fiala.de, lecturer for insurance law at the DHBW Heidenheim, will answer your questions, Your questions. Questions can be asked by emailing ott@dhbw-heidenheim.de. In the case of pecuniary […]
Why insurers pay the claim when the financial services provider is broke Instead of effortless wealth, hundreds of thousands of investors often end up with a mountain of debt, and it is not uncommon for them to lose all their savings or even face personal insolvency. This was made possible by well-sounding names such […]
The past regularly catches up with many intermediaries: Leverage transactions with British life insurance policies are still frequently litigated in the courts. portfolio international spoke about this with lawyer Johannes Fiala. The issue of credit-funded UK life insurance has been a highly charged one over the past year. Are intermediaries off the hook three years […]