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Their plan is front loaded - meaning that the first 23 months of payments on a 25 year plan are taken as fees. however this is not made clear - particularly by the dodgy advisers who hawk this junk - because they earn most of that as commissions.

There are also significant other fees, especially if you choose to stop paying in regularly or decide to terminate the plan.

So they basically lock clients into a plan where they are guaranteed income - either from the yield destroying fees or from the aggressive exit fees - which can be up to a full 100% of money invested. And this is marketed as a "Savings" plan ?

  • ilas
  • unit linked trust
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Pissed_Consumer_ITH
#1534853

Am in the same situation. We have little to no chance of winning individually.

Best is to group up all of us and take legal action against Generali Worldwide.

Contact me ... Imrana.Thiam@gmail.com.

winduptoy
Charleroi, Hainaut, Belgium #802263

I have the same issue with this Generali Vision policy. It was sold to me in Belgium.

NOTE: This product was NOT authorized to be sold in Belgium and my adviser deVere was not authorized to provide this kind of service!! I can share official mails from FSMA if someone need them.

Both companies are terrible!

tandem_4x4
to winduptoy #1390517

Can you please help and support me to sign petition against Generali and their brokers/agents lack of disclosure:

https://www.change.org/p/channel-island-financial-ombudsman-stop-generali-selling-products-without-full-disclosure

https://www.change.org/p/qatar-financial-center-regulatory-authority-stop-nexus-financial-services-and-other-financial-advisors

Join me on Facebook group created for those who suffered from Generali Vision: https://www.facebook.com/menadodgyadvisors/?ref=aymt_learn_about_boosted_cta_tip

Andy1962
Shanghai, Shanghai, China #725284

Hi Eastwest,

This is a global problem. I have been ripped off too and am based in Shanghai. We are trying to consolidate complaints against Generali and intend to use Social Media to add leverage to our campaign

Please sign the petition at:

http://www.change.org/en-GB/petitions/generali-annul-vision-contracts-and-return-all-funds-at-current-market-prices

Anonymous
to Andy1962 #788051

I will sign as well. They have scammed me out of money here in Switzerland.

Have had a formal letter from Swiss Financial Market Supervisory Authority (FINMA) that Generali International Insurance products are not approved to be sold in Switzerland. Also involves Soverign INternational as the crooks that sold the plan, and DeVere Group that also supported the plan.

I launched a complaint last August with Generali International customer service and have had nothing but a 'we are reviewing your complaint' since. Horrible company.

tandem_4x4
to Anonymous #1390519

Can you please help and support me to sign petition against Generali and their brokers/agents lack of disclosure:

https://www.change.org/p/channel-island-financial-ombudsman-stop-generali-selling-products-without-full-disclosure

https://www.change.org/p/qatar-financial-center-regulatory-authority-stop-nexus-financial-services-and-other-financial-advisors

Join me on Facebook group created for those who suffered from Generali Vision: https://www.facebook.com/menadodgyadvisors/?ref=aymt_learn_about_boosted_cta_tip

a_mavignier
to Andy1962 S, Sao Paulo, Brazil #966920

I have the same problem in Brazil. Even worse is the fact that it has been 2 months since i closed my investments and they have not transfered my money to my account yet.

They dont even return the emails anymore. Does anybody know who regulates their business so i can file a complain?

thank you

tandem_4x4
to a_mavignier #1390520

Contact your financial ombudsman in Brazil.

Can you please help and support me to sign petition against Generali and their brokers/agents lack of disclosure:

https://www.change.org/p/channel-island-financial-ombudsman-stop-generali-selling-products-without-full-disclosure

https://www.change.org/p/qatar-financial-center-regulatory-authority-stop-nexus-financial-services-and-other-financial-advisors

Join me on Facebook group created for those who suffered from Generali Vision: https://www.facebook.com/menadodgyadvisors/?ref=aymt_learn_about_boosted_cta_tip

tandem_4x4
to Andy1962 #1390518

Can you please help and support me to sign petition against Generali and their brokers/agents lack of disclosure:

https://www.change.org/p/channel-island-financial-ombudsman-stop-generali-selling-products-without-full-disclosure

https://www.change.org/p/qatar-financial-center-regulatory-authority-stop-nexus-financial-services-and-other-financial-advisors

Join me on Facebook group created for those who suffered from Generali Vision: https://www.facebook.com/menadodgyadvisors/?ref=aymt_learn_about_boosted_cta_tip

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