Posts Tagged “financial services”
by Richard Proteau (Author Unraveling the Universal Life Scam and Financial Mobile Application Designer) Few people in Canada are following the introduction of Bill n°141 in Quebec: An Act mainly to improve the regulation of the financial sector, the protection of deposits of money and the operation of financial institutions. This is a…
Nominees and winner can be seen at Financial Quackery Award The Financial Services Consumer has announced the nominees and winner of the 2016 Financial Quackery Award. Financial quackery is the misrepresentation of facts in the promotion of financial products or services by someone in a position of power, influence or trust over the consumer. The…
Note: Want to know everything about insurers. We will be providing the best info to the DIYer at insurers. Site is not completed yet but it provides a general idea of the content… On December 1st, an organization named Options Consommateurs whose mission is supposed to be the protection of the consumers in Quebec…
This is what we learn from The Poor Bartender; the only UNCENSORED book on how not to lose money when dealing with the financial industry. This book shows how saving money is the easy part of retirement planning. Investing money is the hard part and this is where Canadians lose most of their retirement…
How stupid, ignorant, unintelligent – a one of kind bully – for Industrial Alliance to have made these statements in regards to viatical settlements recently published in the Insurance Journal. http://journal-assurance.ca/article/assurance-viatique-ia-met-en-garde-ses-conseillers/ It is in French, but if you ask Industrial Alliance for a translation, maybe it will come out better in English….
Financial Services Consumer Alliance www.consumerights.ca email:info@consumerights.ca May 27, 20165160 CCIR Secretariat 5160 Yonge Street, Box 85 17th Floor Toronto, Ontario M2N 6L9 ccir‐ccrra@fsco.gov.on.ca. Reference: Segregated Funds Working Group Issues Paper May 2016 The Financial Services Consumer Alliance is an informal alliance of consumers and experts in the financial industry who are…
I am dedicating this text to Jim Ruta and friends who believe that the insurance industry does not need more and better regulations… LEARN ABOUT THE UNIVERSAL LIFE SCAM: http://www.amazon.ca/Unraveling-Universal-Life-Richard-Proteau/dp/1503246167 Four advisors who broke the same law; four advisors who received totally different sanctions for the same infractions. The differences in the…
When an insurance audit is done as part of a mandate given by a policy owner, we find that in 99% of the cases that the policy has been mismanaged. In this particular case, such mismanagement cost the client more than $90,000. Why is this? The reason is simple and it is because financial…
Before answering this question, I should ask first whether you know that there are two types of marginal tax rates in Canada. There is the “POSTED” marginal tax rate which is what is used by the financial industry and what is shown on tax sites such as TAXTIPS http://www.taxtips.ca/marginaltaxrates.htm. But these marginal tax rates…
PART 2: VALUE BASED ANALYSIS – LOST IN TRANSLATION By Richard Proteau: http://www.amazon.ca/Unraveling-Universal-Life-Richard-Proteau/dp/1503246167 Advice is in the end all about value. Without value there is no need for advisors. Discover the true value of life insurance by using the only application that can do a pre-estimate of the Fair Market Value of…
