Allianz to pay $6 bln in U.S. fraud case, fund managers charged
- Thread starter Tahoe Ray
- Start date
- Thread starter
- #2
- 2,349
#NeverbeenaBetterTimetoBeaForensicInvestor
Its just one digit.
Its just one digit.
- 10,695
The Pension Fund Managers should all be in jail. No way they did their due diligence on a 5% asset fee.
- 4,882
shocker. exactly why I could never get behind any of their products. saw too many 80-100 year old people in tears 10-20 years ago on their 2-tiered annuities & the way they marketed those products to producers knowing most of the producers had no idea what they were selling.
for a period of time they were the only carrier our agents had access to for LTC & I still couldnt get myself to support it. Figured any carrier that operated like they did with those 2-tiered annuities, wasnt a carrier I wanted to support, etc
- 4,882
Anyone sitting as a retirement committee member on those employers is also a fiduciary & can & will be sued by anyone harmed by the lack of due diligence with a 5% asset fee
- 5,884
The greed of the few causing so much pain. Wonder if they passed thier ethics classes?
