Determining liability risks and the regulation of insurance distribution increasingly the everyday life of finance and insurance brokers. The “YouGov Broker Sales Barometer” looked at where brokers seek help with legal issues or litigation. The “YouGov Broker Sales Barometer” determined that 31 percent of German brokerage offices used professional support for legal questions or legal […]
The fact that Rürup pension insurance is sold with the argument “safe from seizure and in the event of insolvency” is also found thousands of times on the Internet – a serious error for those affected, as the Munich lawyer Johannes Fiala and the actuary Peter A. Schramm explain. Here in the following their […]
Managed by infinma – Institut für Finanz-Markt-Analyse GmbH, Cologne infinma: Mr. Fiala, you recently stated in an interview in “portfolio international” that a broker’s liability cannot be ruled out when ratings are used. The background to this was what happened in connection with the Scope rating agency and the valuation of real estate funds. First […]
E-Interview with Johannes Fiala infinma: Mr. Fiala, you recently stated in an interview in “portfolio international” that a broker’s liability cannot be ruled out when ratings are used. The background to this was what happened in connection with the Scope rating agency and the valuation of real estate funds. First of all, can you briefly […]
By Dr. Johannes Fiala and Thomas Keppel In the case of occupational pension schemes with deferred compensation, in the first contribution years the insurance company usually offsets the acquisition costs (e.g. brokerage commissions) against the premiums paid in. According to a recent ruling by the Munich Regional Labor Court (Landesarbeitsgericht – LAG), such agreements are […]
When asset managers and insurers go bust The “Phoenix” case: On 11.07.2006, the defendants were sentenced to several years’ imprisonment by the Frankfurt/Main Regional Court for fraud and breach of trust: The basis was the largest capital investment loss (328 million euros) in Germany to date, in which “on paper” over one billion euros had […]
? Mr. Fiala, in a recent interview in Portfolio international you stated that a broker’s liability cannot be ruled out when using ratings. The background to this was what happened in connection with the Scope rating agency and the valuation of real estate funds. Can you first of all briefly describe what exactly happened there? For […]
