See how much you could save
Get your results and a personalised report now!
Helping you understand your current plan, what you are paying, and how you can stop paying excessive charges.We inform you
We don’t get any commissions or kickbacks from any provider, fund or insurer.We work for you
No jargon, no sales pitch, just straight forward information.We empower you
Enter a couple of details about your Regular Savings Plan and based on these we will calculate how much you could save by switching.
You will receive your personalised report that explains how your plan works, your current plan charging structure, your contract, and an estimated comparison between staying or switching.
If you have more questions or simply want to switch straight away, schedule your complimentary meeting with Josh or Dan.
The regulatory body said it had received "an alarming number of complaints" from residents mis-sold lump sum portfolio bonds and contractual savings plans - insurance wrappers that combine a life insurance policy with an investment plan – provided by global insurers and distributed by IA-licensed financial advisers. The products were criticised for their poor performance and expensive fees.
A new research suggests that millions of people could have fallen victim to mis-selling in the financial services industry. The conclusion was reached based on the findings by claims management company EMCAS that two-thirds of respondents surveyed are not aware that mis-selling of investment products is even possible.
The new regulations were initiated by the UAE’s Insurance Authority to stop what they call mis-selling life insurance products. The new regulations make term life insurance policies more transparent and hold the brokers and insurance companies accountable for any misrepresentation of facts and terms and conditions.
One of the biggest providers of expensive fixed-term investment plans, the cause of a high number
of complaints from UAE customers, has admitted that the products are not good enough.
Philip Cernik, Friends Provident International’s chief marketing officer, acknowledged the rise in complaints to the UAE Insurance Authority about life companies and the financial advisers that market the investment products, from customers frustrated by poor performance and very high costs.
Life insurance market is usually run by brokers and brokerage firms – the majority of whom are not salaried employees and live on commission only. The earlier practice allowed the brokers to receive a higher percent of the first-year premium as commission and 2-5 percent more every year on the annual premium collected from the second year onward till maturity of the policy.
We created the Saved calculator and free report as a resource and tool so that anyone, in their own time, separate from an advisor, could calculate what they were paying in charges and whether they could benefit from a lower cost flexible alternative. Whilst we would love for you to use us for the switch and your future financial advice, our aim is to empower you to make better financial decisions for your future
Dan & Josh