Annual equity indexed annuities big scandal coming

Annual equity indexed annuities big scandal coming

I think “pensions indexed equity” and sales practices used to sell may be “next big investment scandal” you will hear about. You’ll understand why, think twice before you can buy one of these products.

We have seen many scandals over the past few years for mutual funds and variable annuities, and more recently, to insurance companies. The common denominator in all these scandals with a conflict of interest.

There are unspoken confidence when someone buy financial products. When someone uncomfortable decision to buy themselves, seek the advice of a financial adviser. They expect the Chancellor to make a recommendation that the best interest of the client, the consultant.

Unfortunately, most financial advisors are compensated by Commission from the sale of financial products. They sell more, make more. If they don’t sell, don’t eat. This creates a huge conflict of interests alone between them and the customer.

Understanding the consumer interest in other purchases they make. I was expecting the salesperson to recommend the car that are not offered by their friends to sell a car. So consumers view the recommendation of salesperson with a healthy dose of skepticism.

It should apply the same doubts as to buy financial products. Those who purchase in mutual funds or stocks are fully aware of the Commission they pay. However, we are aware of the few “equity indexed annuity” consumers Committee make their exit from their purchases. I’m not against an adviser to make a living; I care about when the client is not aware of the powerful forces influencing the recommendation Advisor.

This is why I feel “equity indexed annuity” may be “the next big investment scandal”. Hidden conflicts of interest between the Advisor and the client the greatest when recommended yearly indexed equity “. There are huge incentives to urge the Chancellor to recommend yearly indexed equity “on any other financial investments they offer incentives that were not disclosed to the client.

An Advisor can make the Commission more than selling “premium indexed equity” enabling them to any other investment. Much more. In some cases, three or four times greater than on mutual fund investment Committee.

Not under “pensions indexed equity (environmental impact assessment) at the federal level, but each State Insurance Commissioner. Despite the “equity indexed annuities” one technically insurance products, marketed as an investment. But every employee has to do to be able to sell it is to sit through a five-day session, and pass a simple test on health and life insurance.

Structure and sales practices of almost all products based on other investment Committee organized by the Securities and Exchange Commission. All mutual funds, stocks, bonds, variable annuities at the federal level. Equity indexed annuities “.

If the consultant to develop 100% investable assets in variable annuity customer or one stock or mutual funds, they may face fines and possible license revocation. At least, they’ll be opening themselves to possible litigation. However, we often hear from advisers say a client that they put 100% of their money to the “equity indexed annuity”.

Under federal regulations, I can’t recommend the payment of a fine client Advisor 7% out of single premiums and then transfer those funds to another product in the Office of the High Commissioner. This just like the stock market get you to constantly buy and sell stocks so they can earn a Commission on it’s called churning. However, I see the use of advisers ‘ reward ‘ some “equity indexed annuity” to do just that.

I’m not an advocate for the individual investor, and seems to be one of the few States in the financial services industry ready to speak out against this product popular. But “equity indexed annuities” are beginning to attract attention. He was interviewed by CBS News last week about the dangers associated with “equity indexed annuity”. Those in Congress are acknowledging the need for federal legislation of insurance products.

So think twice before buying “annuity indexed equity”. The agent may not have a stake in the heart.

Over 80% of pensions are indexed stock purchased in America comes from

Allianz, which skims billions of dollars every year from unsuspecting

People (mostly older) throughout the country.

Chances are very good that you or someone you know, has been installed

This special product. In my brand new (just

Released), I pull the curtain on questionable practices used to

Pawn this deceptive and misleading product off innocent investors.