Devere Group's reply to:
Devere Group - Lost 22,500 Euro to Devere and Generali
Devere sold me a Generali Vision plan and made a huge commission.What they didn't tell me was that I was locked in for 25 years with a minimum payment of 1,000 euro per month.
When I tried to cancel after 2-3 years I lost 22,500 euro of the money I had put in (the savings were worth 30,000 euro at the time). I admit that I didn't read the small print but that's not the point.
The issue is that Devere Group provides advise based on maximising their own commission and not based on selling good investment products to the customer.Most index funds will make a lot more money over a 25 year period considering the fees of these funds.
Review about: Generali Worldwide Vision Retirement Plan.
Reason of review: The product is a scam.
Monetary Loss: $22500.
Preferred solution: Full refund.
I liked: First contact was very professional.
I didn't like: Product sold was a scam.