Archive for April, 2009
Sunday, April 26th, 2009
How much sales commission is reasonable? This was a fundamental question during the pensions mis-selling scandal. Worse: are the best and most suitable investment products being sold?
There has been a really damaging fall-out from the case in the UK of mis-selling pensions. About 1.1 million people were wrongly advised to ...
Posted in Credit, Money, Pansion | Comments Off
Monday, April 20th, 2009
A robber or fraudster normally takes time to plan their crime. Thus, proper risk management is not a sit-back-and-watch process. Risk monitoring is a component of operational risk management and is a continuous hands-on process. Handling operational risk properly is not a completely reactive process, investors must have a proactive ...
Posted in Money, Risk | Comments Off
Monday, April 13th, 2009
Contingent claims are derivatives in which the payoffs occur if a specific event happens. We generally refer to these types of derivatives as options. Specifically, an option is a financial instrument that gives one party the right, but not the obligation, to buy or sell an underlying asset from or ...
Posted in Claims, Money | Comments Off
Friday, April 10th, 2009
The Department joined the National Association of Insurance Commissioner’s (NAIC) Midwest Zone Continuing Education Reciprocity Project. As a member state,in most cases,a course approved by a participating state will be accepted by other participating states by submitting a standard filing form. This project should reduce the time needed to review ...
Posted in Money | Comments Off