Old Mutual Int’l ‘Taking Legal Action’ Against Leonteq Over Commissions

old_mutual_venta_latamOld Mutual International, the international investment products arm of Old Mutual Wealth, is “taking legal action” against Zurich-based Leonteq Securities AG “and related parties”, for “the making of false statements” in connection with the levels of commission paid to advisers on Leonteq structured products.

“Had the true level of commission been disclosed, the products would not have passed Old Mutual International’s criteria, and no investments would have been made,” OMI said in a statement. Learn more

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HSBC Australia to Compensate Structured Product Clients

 

HSBC Bank in Australia has reached a deal with the industry regulator to compensate clients who received “potentially deficient advice” on retail structured products sold between January 2009 and March 2013.

Is your pension or investment affected? Could you be due for compensation?

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Are you getting clear and transparent advice?

We hoped that increasing regulation in the offshore market would mean expats and their families would start receiving the same level of service, and sound, independent, professional financial advice as they would in their home country.

However, recently there is a growing trend of businesses buying IFA companies, especially in under-regulated South East Asia markets, and using the underlying clients’ monies as a means of raising cheap capital, which is then invested in the parent business.

Is your hard earned investment or pension at risk?

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Millions of Savers Could Have Their Retirement Funds Decimated Due to Riskier Pension Investments

As many as 10 million savers could have their retirement funds decimated and be forced to work beyond retirement age as major pension providers are switching their money into higher risk investments.

Following the introduction of the Government’s new pension freedoms last year major UK insurers including Friends Provident, Old Mutual, and Zurich are revamping savers’ investments in a bid to improve their retirement prospects.

However, it has emerged that the new-style funds could leave millions of savers vulnerable to losing large sums just before they plan to retire.

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