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Old 19.02.2019, 12:31
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Re: DeVere group cold calling again.

deVere Group has apparently lost its licence in Germany.

https://www.toytowngermany.com/forum...ce-in-germany/
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  #162  
Old 19.02.2019, 12:54
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Re: DeVere group cold calling again.

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deVere Group has apparently lost its licence in Germany.

https://www.toytowngermany.com/forum...ce-in-germany/
Oh, I'm sure a little thing like that will not set them back.
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  #163  
Old 11.03.2019, 13:51
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Re: DeVere group cold calling again.

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Friendly advice - I know the industry well. DeVere and all the others (Guardian, Belgravia, Swiss Global, Alpha Wealth) are as bad each other

Trails, upfront Commission on bond, Toxic structured notes (masked to look simple and great - they pay Commission!)
I can (unfortunately) confirm this from personal experience. They talked me into signing up to a 10-year Generali Vision plan; although I cut most of my losses by sticking with it until the bitter end, I still lost money of course.
Guardian fed off that plan by charging it with fees that I never managed to figure out well, nor were these fees ever explained or outlined by them.
Lots of "advisors" (salesmen disguised as financial advisors, in fact) changed over the years and the quality of their so-called services nosedived with time. In the early years at least they tried to sound professional, but towards the end it reduced to banging on "This is what you need!", "You don't have enough for retirement!", "You want to have this plan!".
By then I knew much better than a decade earlier tough.
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  #164  
Old 08.04.2019, 13:11
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Re: DeVere group cold calling again.

A recent message online:

Quote:
"Nigel Green has bought out swissglobal group from bankrupt owners Paul Kavanagh and Stuart Hamon.

Nigel green met with the owners last week in an effort to revive the failing business. CEO Mike Coady has been dismissed with immediate effect due to past history of disputes with Nigel.

Nigel commented that he wishes Mike coady the best and is confident that he will remain a valuable ex employee.

Nigel green has a new strategy for swissglobal. Brand new brand and marketing DeSwiss Global Group."

https://swiss-global-group.pissedcon...271501001.html
Reviews: https://swiss-global-group.pissedcon...om/review.html

Website: https://www.swissglobalgroup.com/

They seem to have a presence in Switzerland: https://www.facebook.com/swissglobalgroupch/

Or had: https://swiss-global-group.pissedcon...231454972.html

This says their Swiss licence was revoked:
https://swiss-global-group.pissedcon...261500685.html
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  #165  
Old 29.06.2019, 09:56
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Re: DeVere group cold calling again.

I read this thread and got very concerned.
I am in talks with them about a 3a savings product (it's with Swiss Life).
Should I avoid dealing with Devere completely, even if the product looks interesting?


Thanks
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  #166  
Old 29.06.2019, 10:11
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Re: DeVere group cold calling again.

Why won’t you go directly to Swiss Life instead and cut the middle man?

https://www.swisslife.ch/en/individuals.html
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  #167  
Old 01.07.2019, 10:22
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Re: DeVere group cold calling again.

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Should I avoid dealing with Devere completely, even if the product looks interesting?
Yes. Unless you like not having your money anymore.
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  #168  
Old 02.07.2019, 10:07
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Re: DeVere group cold calling again.

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I read this thread and got very concerned.
I am in talks with them about a 3a savings product (it's with Swiss Life).
Should I avoid dealing with Devere completely, even if the product looks interesting?


Thanks
Whether you do it directly with an insurance company or through some kind of broker, do make sure you know what you're getting into. There's plenty of info on this board on the problems a pillar 3a insurance policy brings, including a thread titled something like "how do I cancel my 3a insurance policy without losing everything".

Typically, you want to use a 3a bank account instead of a 3a insurance policy. Assuming that's what you want/need in the first place - unless you own your home and use 3a to amortize the mortgage indirectly, the younger you are the less attractive pillar 3a is.
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  #169  
Old 02.07.2019, 11:00
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Re: DeVere group cold calling again.

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I read this thread and got very concerned.
I am in talks with them about a 3a savings product (it's with Swiss Life).
Should I avoid dealing with Devere completely, even if the product looks interesting?


Thanks

Why would you take out an insurance policy when you want to save or invest? Insurance always comes with a tie in.

As pointed out by Urs Max, you want a standard 3a savings account to get the tax advantage, if that's the way you want to go. See your own bank.

Any potential 'uplift' or 'tax efficiency' will be wiped out by the charges on a policy.

Policies come with higher commission for the seller, that's why it's being offered to you, no other reason.
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  #170  
Old 04.07.2019, 15:08
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Re: DeVere group cold calling again.

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Should I avoid dealing with Devere completely, even if the product looks interesting?
Depends on how much of your money you want to give them and who the product is most interesting for - you or them and/or the product provider.

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