Corona pandemic: Continued dispute over plant closure insurance

The refusal of insurers to provide benefits due to corona-related plant closures continues to make big waves. Voluntary settlement offers for business closure insurance are being critically reviewed, and complaints from businesses are being investigated. The first litigation financiers appear on the scene.   The restaurants may (soon) open again. However, not a day goes […]

Underwriting of life insurance policies

The BGH has decided that – completely independent of the revocation – a claim for damages can also be sufficient for the reversal of a life insurance policy – oh for contracts concluded from 2008 onwards.   In its current ruling of 28 June 2017 (Case No. IV ZR 440/14), the Federal Court of Justice […]

Company pension scheme: Social assistance is pre-programmed in case of design errors

Findige bAV-Unternehmensberatung apply for a pension commitment check: “We would be happy to take over the professional checking of pension commitments for you. In doing so, we also ensure that frequent deficiencies that occur in practice (…) are also recognised”. With order the mediator receives ?questionnaires ?unfortunately however central risks are not recognized thereby, because […]

RA Johannes Fiala: Company old age pension – with organization errors social welfare is pre-programmed

*by Johannes Fiala, Lawyer (Munich), M.B.A. (Univ.Wales), M.M. (Univ.), Certified Financial and Investment Advisor (A.F.A.), EC Expert (C.I.F.E.), Banker (www.fiala.de) Resourceful occupational pension consultancies advertise a pension commitment check: “We would be happy to carry out a professional check of pension commitments for you. In doing so, we also ensure that common deficiencies that occur […]

Company pension scheme: pension commitment

Company pension scheme: In the case of design errors, it can come to a social case Management consultancies for a company pension scheme advertise a pension commitment check according to the following model, for example: “We would be happy to take over the professional examination of pension commitments for you. In doing so, we also […]

Company pension scheme: pension commitment

Company pension scheme: Design errors can lead to a social case Management consultancies for a company pension scheme advertise a pension commitment check along the following lines, for example: “We would be happy to undertake the professional examination of pension commitments for you. In doing so, we additionally ensure that common deficiencies that occur in […]

Initiator monitoring and controlling: sales companies and training managers in personal liability for incorrect training of financial intermediaries and financial advisors

The difference between the right word and the almost right word is the same as between a flash of lightning and a firefly (Mark Twain, US storyteller and satirist, 1835 – 1910).   Since many training courses of product providers and/or distributors are based on legal statements whose contents were not checked in advance, the […]

bAV: Risk multiplication through leverage with the reinsurance of pension commitments

by Florian Nolte, Assessor iur. (nolte-florian@web.de) and Johannes Fiala, Attorney at Law (Munich), M.B.A. (Univ.Wales), M.M. (Univ.), Certified Financial and Investment Advisor (A.F.A.), EC Expert (C.I.F.E.), Banker (www.fiala.de ) Preface This case, dear reader, is not real: similarities with (still?) living persons and GmbH�s, also of the contemporary history, are purely coincidental and not intended. […]

Initiator support and controlling: Uninsured tax and legal advice ? Liability trap in distribution law

*by Johannes Fiala, lawyer (Munich), MBA Financial Services (Univ.Wales), MM (Univ.), certified financial and investment advisor (A.F.A.), banker (www.fiala.de) The demarcation between business advisory and legal advisory activities is decisive for the question of what an initiator, a distributor and an intermediary may currently offer as a ?model or system? as their own or third […]