@Neil ********

one of the ways I remember my boss telling me to check it was to look at how the product was set to be paid to the seller.

The heavier front loaded it was the more likely it was to be misrepresented to make a sale. Residuals are generally better at keeping sellers in line and therefore more stable products to work with that have better reputations.

Also check their financial licenses actually allow them to sell what they are selling when looking for work. Too many will get a basic financial services licence and represent themselves as allowed to sell anything and everything!

Little details 😉

@Neil ********

recourse was usually the emotional problem most people felt they couldn't get past. And we saw it a lot where people had signed up to 10 year products that the management firm got fully paid for within 18 months, so they just stopped caring... leaving the client with bugger all.

@Neil ********

I know exactly who you mean!

I worked in Bangkok booking appointments for IFA there about 15 years ago.

Could always tell the bad apple companies right away because they offered a commission only career path to becoming a millionaire...

The guys I ended up working for gave me a visa and a wage for filling their calendars and some kickbacks if anything big landed from my appointments...and they definitely didn't sell (but did help people who had been suckered) those front loaded commission products that...ahem...not sure if I should name drop...claimed to be the biggest global IFA network by selling...(Using a Belgian and Maltese issued financial services licence enabling them to sell some minor insurance products to legitimise their brand) 😆😆😆

How's the actual market there now for the IFA space?

@Neil ********

so you mean you don't do things in return for payment, possibly in the form of commission? Are you a charity 😉

Either way, you seem like you would be more up to date on current rules. Many governments have changed the rules since I had anything to do with it 😆

@Neil ********

this 100%

Private pensions from the UK can be moved to be held on more favourable tax locations 😉

British soul fragments are highly prized amongst Thai soul takers.

That could be why?