So-called guaranteed benefits in the pension scheme are absolutely not guaranteed

– What life insurance companies and pension funds are hiding from premium payers –   Life insurance policies for occupational (bAV) and private (pAV) pensions, but also pension schemes, can provide far fewer benefits than promised or promised on paper. However, policyholders often have a claim for damages against the intermediaries and advisors or product […]

Guarantees a use of comparison calculators by brokers…….

Does the use of comparison calculators by brokers guarantee that the advice is based on a ‘sufficient number of insurance contracts offered on the market and of insurers’ as required by § 60 VVG?   At this point, lawyer Dr. Johannes Fiala, lecturer for insurance law at the DHBW Heidenheim, will answer your questions. You […]

The fairy tale of the guaranteed liability-free insurance broker contract

The free “insurance broker contract In recent decades, the call for standardized forms has led to brokers who are not legally trained to make use of “free samples of no value” – they are then often really free in the other sense of the word – namely in vain. A specimen similar to the “Verbandsmuster” […]

Initiator support and controlling: products, such as participation certificates, sometimes prove to be a placement fiasco*.

The ad-hoc release from 02.01.2006 – Allgemeine HypothekenBankRheinboden AG (AHBR): “AHBR expects negative annual result for 2005, Frankfurt am Main,2 January 2006Allgemeine HypothekenBank Rheinboden AG (AHBR) expects a negative after-tax result for the 2005 financial year. Thiswill be in the range of EUR 1.1 to 1.3 billion, according to the Bank’s preliminary estimates. The background […]

Lawyer for investment law in Munich

Investment law: Ask at the right time The investor protector Heinz Gerlach (*1945, +2010) once said that the typical investor at the regulars’ table only has three questions: First question: The investor waves various prospectus documents and asks “Is that something?”Second question: “And what’s the best?”Third question (usually after months or years): “What is the […]

If the maximum interest rate falls, the wheat is separated from the chaff

The average life insurance saver calls the secure interest on the savings portion of the life insurance premium the guaranteed interest rate, which will last be a maximum of 1.25 percent p.a. in 2015. This limit is the maximum actuarial interest rate used to calculate the actuarial reserves, above which no life insurer is currently […]

DAX shareholders receive 25 billion euros in dividends – but not certificate holders

DAX shareholders can currently look forward to distributions of 25 billion euros. But many a certificate holder goes away empty-handed. Dividends are deducted from the share price on the trading day after the Annual General Meeting and the share is then traded “ex-dividend”. Such a price drop can be momentous for derivatives. This applies in […]

High return, no risk, zero cost, lots of trust

Dr. Johannes Fiala and Dipl.-Math. Peter A. Schramm on the pre-programmed investor bankruptcy   An 80-year-old business widow appears at the bank counter with her savings book. “Young man, I want to take off”. Upon further inquiry, “Everything!”. She didn’t care about the interest on advances. Fifteen minutes later, she returns to the checkout counter. […]

Not complaining – acting

Dear Experts, Suddenly, the number of broker insurers has multiplied – all of them have recently become “VVG-ready”. What is needed is not lamenting about the “good old days”, but a future orientation in thinking and acting. The insurance boards will have to deal with four things even more intensively – creativity, trust, controlling and […]

What you always wanted to know about the “Sex & Crime” of the industry ?

What you always wanted to know about the ?sex & crime? of the industry? Filing of annual reports Filing of annual reports with the registry court is an obligation, especially for corporations. European law requires this. The German legislator shied away from the work of implementation and monitoring: immediate information is hardly available from the […]