Uma Kannan wrote this piece on rediff.com….interesting..she called it “11 reasons not to buy ULIPs”. Easy to identify with some things she says…here it is…it appears in the Get Ahead section of the site.. I am sick and tired of writing about ‘should I buy a ‘ULIP or a MF‘ kind of articles. I know […]
If you have wondered what are soft commissions here is the answer. There are some legitimate expenses and some not so legitimate expenses. Soft commissions are what sales people call ‘entitlements’. It could be in the form of a contest – the top 100 winners go on an all paid trip to South Africa, Goa, […]
I know of a few mis-sellers in the financial services who excel in mis-selling. Let us call them A, B and C. A is so used to mis-selling that when a ‘friend’ wanted to buy a DVD player, he was convincing her to get a lap top. This in spite of the fact that he […]
A couple of weeks back I had written a post about how the slow down will hurt some industries. Fairly clearly those companies (industries) which have a high cash burn ratio – and who cannot reduce fixed costs will bleed first. Financial services industry – life insurance, broking retail, general retail – are all vulnerable. […]
When I was talking to a regulator, he asked me “How come ULIPs (Unit linked insurance plans) charge such a high “entry” load? I told him as a distributor I can actually make more money from a customer selling mutual funds than selling ULIPs because of churn and a trail commission that is based on […]