Wednesday, April 05, 2017

Another complaint concerning the Friend Provident Global Advance plan

Here is another case where the policyholder bought the Friend Provident Global Advance plan from an independent financial adviser and was very angry that the adviser did not recommend a product that is good for the customer.

In this case, the Effect of Deduction is more than 40% of the accumulated premium. This is extremely high.

I suggested to the policyholder to sue the financial adviser for breach of compliance under section 7.2 and 7.3 of the Financial Adviser's Act.

I am also healing to round up several people who want to join and take collective action.

1 comment:

Anonymous said...

Maybe got big loading for non-standard life???

Anyway, you should NEVER NEVER use any insurance companies for investment or savings.

Only pure insurance --- YES the type where you "throw money away" if nothing happens to you!!

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