– Why some asset protection leads to poverty or prison – It is common practice for credit institutions of all kinds and independent advisors to sell “private financial planning” to their clients. This may well cost a few thousand euros in fees – only for the time being, because the damage done in the […]
It is common practice for credit institutions of all kinds and independent advisors to sell “private financial planning” to their clients. This may well cost a few thousand euros in fees – only for the time being, because the damage done in the process is often up to more than six figures. Bank(st)ers let it […]
The public prosecutor’s office is currently investigating the Berlin BWF Foundation for possible fraud. In a guest article for FONDS professionell ONLINE, Johannes Fiala and Peter A. Schramm explain that this case could also have consequences for brokers. Financial investment advisors who have brokered products of the “Bund Deutscher Treuhandstiftungen” could lose their IHK […]
Final notification: The Federal Council today gave the green light for Solvency II. There is also news with regard to the provision for premium refunds (RfB). published in Tax & Law on 06.03.2015 http://www.fondsprofessionell.de/news/steuer-recht/nid/bundesrat-winkt-solvency-ii-durch/gid/1019835/ref/4/
Insolvency risks – Authority to provide legal services – Insurance cover Occupational pensions are an important component of retirement provision. They obtain their complex position in the German legal system through the interdisciplinary interaction of the most diverse fields of law, which can easily become a liability trap for legal and tax advisors; the numerous […]
The Federal Labour Court (BAG, ruling dated 11 November 2014, ref. 3 AZR 404/13) decided when a pension commitment does not fall under the protection of insolvency insurance by the Pensionssicherungsverein aG (PSVaG) as a company pension scheme (bAV) because it is based on a position as a shareholder – and was therefore not issued […]
Is the status of brokers as independent fiduciaries of policyholders up for grabs? In a guest article for FONDS professionell ONLINE, Johannes Fiala and Peter A. Schramm explain that this will be precisely the consequence of a paragraph in the amendment to the Insurance Supervision Act. published in Tax & Law on 16.01.2015 Link: […]
Destruction of existence through liability for insurance and sales tax? Since a ruling by the VG Frankfurt am Main, BaFin has no longer prosecuted violations by intermediaries of the commission fee ban, but insurers are still bound by it under supervisory law. Commissions can be up to more than 38 percent of the initial […]
published in Fonds Online on 18.11.2014 http://www.fondsprofessionell.de/news/steuer-recht/nid/neuer-fall-fuer-die-edw-probleme-bei-koelner-vermoegensverwalter/gid/1018142/ref/4/
Selected challenges and megatrends in financial services distribution The image of financial services sales of credit institutions and insurers has been suffering for years, especially due to TV documentaries about dubious business models or manipulation of interest rates, share prices and commodity prices. Product providers are also in the pillory, for example when up […]
