Search results for: Pool

Compliance: Is the pool use “risky”?

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A report by the State Criminal Police Office of North Rhine-Westphalia on “Financial Investigations 2014” substantiates the suspicion of commission fraud by the number of submitted contract initiations in insurance sales. There were reports on two insurance brokers who had submitted their applications for endowment insurance policies (KLV) via three different pools. “The alleged beneficiaries/contractors […]

Broker pool or purchasing cooperative for brokers?

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Why brokerage claims against the broker pool are unprotected in the event of insolvency   Some broker pools promise 100% security of existence in their self-advertising, and then underpin this with an effectiveness guarantee. But does that even apply? Such an advertisement gains weight if a so-called professor and advisory board liability (e.g. BGH, judgement […]

Portfolio guarantee for intermediaries in the event of sales and pool insolvency: A self-dealing exercise?

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What insurance agents and brokers should look out for in terms of self-protection   Service commissions and follow-up commissions may be forfeited upon separation of the agent from the pool or distributor if the distributor is sold or liquidates its holdings, including the insolvency of a broker pool. Insurance agents and brokers are therefore readily […]

Commission disclosure also affects broker pools and structured sales organisations

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The disclosure of commissions not only affects all types of insurance (Versicherungsbote reported), but probably also the entire commissions agreed with the insurer by the respective sales company. Accordingly, the disclosure of commissions could also hit broker pools and structured sales networks such as Deutsche Vermögensberatung (DVAG) hard. Johannes Fiala drew attention to this aspect. […]

Complex asset management

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Long-term planning but in line with demand If you earn money, you have to learn how to handle it. On the one hand, it is important to be able to cover the needs of daily life and, on the other, to ensure long-term financial stability. Satisfying the basic needs of a human being is only […]

Stress test by financial regulator leads life insurance company into insolvency

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– What are the scenarios of settlement in insurance due to low interest rates ? –   Customers of life insurers are shaken: on 16.12.2014, the business press reported that a Swiss life insurer had now filed for insolvency, and had become a victim of low interest rates. The 13,000 policies were taken over by […]

Asset management: creative financial distribution without a licence and without financial supervision

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– Products and concepts for formerly licensed intermediaries, brokers, tipsters and advisors –   Investors lose up to more than €40 billion every year because they did not really understand the financial products sold to them – or were the victim of fraud. It is typical that even formerly unsuspicious competence bearers or their financial […]