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-   -   Generali Vision: online petition (https://www.englishforum.ch/finance-banking-taxation/182652-generali-vision-online-petition.html)

Reb77Br 18.07.2013 10:56

Generali Vision: online petition
 
Someone has started an online petition about one of the favourite products of offshore "financial advisers":

Generali International: annul Vision contracts and return all funds at current market prices

olster 04.09.2013 08:38

Re: Generali Vision: online petition
 
Someone pitched this product to me yesterday, I am guessing it is not any good then ; )
Reading a fair amount about the high costs during the initial period.

Fish Paste 04.09.2013 12:40

Re: Generali Vision: online petition
 
Quote:

Originally Posted by olster (Post 1967184)
Someone pitched this product to me yesterday, I am guessing it is not any good then ; )
Reading a fair amount about the high costs during the initial period.

Without naming them, spill the beans then.
How did they contact you?
Where did they meet you? 'They' have no office in Basel, so I expect it was company premises?
How come they advised you this was a good investment?

GVAmumofone 02.09.2014 13:43

Re: Generali Vision: online petition
 
I signed up for a Generali vision policy in September 2012 after being contacted by a financial adviser here in Geneva. I was keen to get a savings policy in place (and the adviser made me feel like I had wasted so much time and should sign up for a 20 year policy) so I chose the Generali vision policy because I have my car and house insurance with them.

However, 2 years down the track, I have realised what a huge mistake I have committed myself to. If you google "Generali vision" you will find more negative feedback than positive, some of the feedback even mentions that the policy may be illegal in some countries. The running theme is that most people who have bought into this policy in good faith are finding out (as I have recently) that there are many restrictions on what you can do once you have committed.

Yes, I know that some may say "well, didn't you read the fine print?" and the answer in "yes". I even questioned some of the details of the policy before I signed. Stupidly, I believed the answers given by the "financial adviser" which have turned out to be false. Too late now and if I forfeit the policy, I will lose the first 20 months of contributions (totaling around USD 18,000) and will be forced to pay Generali's fees (2%) for the next 18 years.

My advice is to STAY AWAY FROM COLD-CALLING SO-CALLED FINANCIAL ADVISERS AND CERTAINLY NEVER SIGN UP FOR A GENERALI SAVINGS PLAN.

Juls75 09.12.2015 12:30

Re: Generali Vision: online petition
 
@GVAmumofone
Hello All, We were a Geneva, Switzerland couple also dupped by a "friend" - an advisor demo DeVeres.
We have hired a lawyer and have a good chance of getting our money back but we need to gather our forces.
Anyone living in Switzerland, or having signed up in Switzerland or working in Switzerland (living in FR) please contact me.

Thanks

GVAmumofone 09.12.2015 15:21

Re: Generali Vision: online petition
 
Juls75, I have replied to your private message. Let me know if you received it. It would be good to talk and compare notes. Thanks!

chritin 04.11.2016 15:51

Re: Generali Vision: online petition
 
Quote:

Originally Posted by Juls75 (Post 2500447)
@GVAmumofone
Hello All, We were a Geneva, Switzerland couple also dupped by a "friend" - an advisor demo DeVeres.
We have hired a lawyer and have a good chance of getting our money back but we need to gather our forces.
Anyone living in Switzerland, or having signed up in Switzerland or working in Switzerland (living in FR) please contact me.

Thanks

Hello Juls75,

I'm exactly in a the same situation with a Generali plan. I was recommended for it from a very dishonest Devere-group advisor. I'm from the Pays De Gex, and would be very happy to discuss about it with you, and share your experience about this probleme. I hope to have news from new and any person in the same situation

Regis

chritin 04.11.2016 16:37

Re: Generali Vision: online petition
 
Juls75, I don't know if you have received my answer to your private message, because the message in french here has been deleted by the webmaster. If it's the case please tell me


Cheers

New Here 18.03.2018 17:09

Re: Generali Vision: online petition
 
Hallo Juls75, Chritin, GVAmumofone and others,
I have also signed a Generali Vision contract and am looking for options on potentially trying to get out of it. I`d like to get in touch with you and others which had a similar experience to compare notes and discuss best options.
Regards

EPMike 19.03.2018 11:47

Re: Generali Vision: online petition
 
Quote:

Originally Posted by New Here (Post 2923846)
Hallo Juls75, Chritin, GVAmumofone and others,
I have also signed a Generali Vision contract and am looking for options on potentially trying to get out of it. I`d like to get in touch with you and others which had a similar experience to compare notes and discuss best options.
Regards


Sorry to hear that.

When did you sign up? If you only have say couple of thousands in it, then just stop paying NOW. There is nothing they can do about it.

If you have more than that than the particular circumstances you signed up will determine if you can get anything back.

New Here 19.03.2018 13:19

Re: Generali Vision: online petition
 
EPMike - I signed up several years ago. Is there something you can share on this? Would you be able to send a note separately?

anirudhlohia 10.08.2019 21:32

Re: Generali Vision: online petition
 
Hello All,

Has there been some action taken? Some legal proceedings in which I can join hands. Any one with spectacular luck?

Regards
Anirudh

Reb77Br 12.08.2019 16:32

Re: Generali Vision: online petition
 
Quote:

Originally Posted by anirudhlohia (Post 3090018)
Hello All,

Has there been some action taken? Some legal proceedings in which I can join hands. Any one with spectacular luck?

Regards
Anirudh

Have sent you a private message.

miavenda 26.08.2019 11:24

Re: Generali Vision: online petition
 
Dear Reb77Br, can you also send me a copy, I a have been paying to Generalli for a some years now!!!

Reb77Br 26.08.2019 15:48

Re: Generali Vision: online petition
 
Quote:

Originally Posted by miavenda (Post 3094722)
Dear Reb77Br, can you also send me a copy, I a have been paying to Generalli for a some years now!!!

Have sent you a private message.

Reb77Br 26.08.2019 17:44

Re: Generali Vision: online petition
 
Posted in 2017:

Quote:

Hi!

We are many that share the the pain of Generali Vision.

We are a group of 20+ people planning to take legal action on Generali over the Generali Vision plan cancellation cost/clause. If you're interested in getting your money back then join the group "Duped by Devere" on facebook and we will provide you with more information.

It doesn't matter if you bought it through Devere or someone else.

Regards,
Magnus Jern

https://forums.moneysavingexpert.com....php?t=5495087

Yasmin 05.04.2020 20:20

Re: Generali Vision: online petition
 
Quote:

Originally Posted by Reb77Br (Post 3090558)
Have sent you a private message.

Dear Reb77Br, can you also send me a copy please. Same customer experience with is horrible and illegally sold product.


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