THE NETHERLANDS, Feb. 23
Since the 1990s, AEGON N.V., The Hague, The Netherlands,
signed over 100.000 saving contracts with Dutch families.
The savings product, called Koersplan, promised at least 11%
annual growth. As the savings contracts start to expire now after
12 years, clients find out that the overall interest is far lower
than expected. In fact, total returns are even less than the
amount paid. Although Aegon refers to weak stock markets,
the real cause is a hidden life insurance. Customers were not
informed and did not know about it. The "costs" of the insurance
are over 25% of the amount paid. Future will tell if Aegon
will survive massive fund withdrawal and the thoudands of claims
and court cases that are expected.
We trust that Aegon UK, Edinburgh
will inform it's customers about hidden "costs".
- posted 15 years ago