Not resolved
Additional Fees
Advertised vs Delivered
Billing Practices
Customer service
Discounts and Special Offers
Diversity of Products or Services
Interest Rate
Price Affordability
Privacy and Data Security
Product or Service Quality
Value for money

I was mis-sold a vision policy by a third party about 9 years ago. I wasn't told about the exit charges or the complicated fee structure. After complaining to Generali, they did try to help and offered something to offset my loses.

I moved my funds to two funds that looked like they had performed well over the past 3 months, 6 months and 1 year, all showing positive returns of 3 - 6%. Low and behold, as soon as I'm on board, these two funds have started to sink, already losing £3k in 4 months.

And there are not really any better options to choose from. All the available funds in the Vision policy are performing poorly.

So, Generali have a terrible product, which is expensive to get out of and is easily mis sold by unscrupulous financial advisers (such as *Mr Andrew Sapsed* who is now a director at CN Goodall, Switzerland, and is the human equivalent of antibiotic resistant gonorrhea).

I'm pulling out of the Generali scam at a considerable loss, but it's either lose £13k now, or £50k in 20 years time.

***** Keep clear of all Guernsey based financial services. *****

Product or Service Mentioned: Generali Worldwide Vision Retirement Plan.

Reason of review: No win situation! Terrible retirement plan, easily mis-sold..

Monetary Loss: $18000.

Preferred solution: I would like Mr Sapsed to die of anal cancer! .

I didn't like: Massive unfair fee structure and exit costs, Unwillingness to release me from this horrible contract.

  • Extortion
  • Expensive Fees
  • Massive Exit Penalties
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