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  1. #1
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    Default RPPs/PPPs Fact or Myth

    I have unfortunately gotten a little involved in these things since my initial observations a few weeks ago and keep coming up with facts that will help folk do their DD in a rational way rather than speculation and rumours….This is aimed to the scam rather than the scammed…Just as our good lord teaches us to love the sinner not the sin…so I have created a thread where I have a ream of information that I am sure you will find useful and will add information as its made available to me through the course of my research.

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  3. #2
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    ....thought I would start with this as a little thought provoker

    Here’s an article published by a UK financial trade journal called Money Marketing and used by most financial intermediaries in the UK

    Its about Norwich union who are one of the largest UK insurance companies and in the worlds top 20.

    NU Info Norwich Union - Wikipedia, the free encyclopedia

    Source NU doubles size of large case admin team - 24 August 2007

    NU doubles size of large case admin team
    Helen Pow - 24-Aug-2007
    Norwich Union has doubled the size of its large case administration team.

    The department, which is designed to provide accessible, expert support to advisers writing larger sums assured, now has 14 staff and handles around 200 cases a week, which equates to a total of £5 billion worth of business underwritten annually.

    NU head of protection customer experience Sue Hendry says larger sums tend to be more complicated because they present greater risk.

    She says: "It is important that these cases receive spe******t treatment to ensure applications are turned around quickly and smoothly. By lowering the minimum sum assured to receive this service we are delighted to see that more and more people are benefiting from the facility and the support it provides.”

    The division was originally established to provide support for those assuring sums of £1m or more. This amount was lowered to sums above £500,000 in August 2006.
    So this is a very large UK insurance company where their staff ratio to issue policies is 14-1 , bearing in mind that the RPPs insurance company will be extra special and although their websites are poor quality they will no doubt will have the latest cutting edge IT systems so lets assume double the work rate, this would require the following number of admin staff to service these plans at a ratio of 28-1

    GPP 100,000 plans 3751
    HCi 27,000 plans 964
    WPP 30,000 plans 1071
    Imp 10,000 plans 280

    Lets hope they don’t all use the same insurance company as this would really stretch the recourses, however I dont know of any company that has that many staff in their new business departments and bearing in mind the secrecy of all this if there were whats the odds of all of them keeing quite about whats going on?

    Food for thought!

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  5. #3
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    Nice one Berty. I hope this thread becomes educational and informative since the Insurance Industry is a minfield for the lay person.

    If we assume that reverse pension plans are a viable proposition, a feasibility study at the start would preclude the normal DD that is part and parcel of any unwritting of life policy, in that health and age considerations are not a factor. We can also exclude death within the life term once the policy is issued. Nor are premiums a concern to the insured.

    How would that work out?

    What you quote above relates to high risk policies with all the attendent attention any Insurance company would pay to safeguard against fraudulent submissions.

    Thanks and keep the info coming please.
    Regards
    paddy

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    Well until RPP are accepted as known financial instruments or insurance/bank products and reported in their trading accounts then we must assume they are suspect they just cant be viable for all the reasons stated in the GPP thread

    I am just showing you some facts that even the simplest of souls would ask questions about, the above being a classic example of why they are suspect

    I will not go into any sarcastic type remarks in this thread just quote the facts, if anyone choses to beleive made up information then thats part of your choice , however I dont know of any company that doesnt underwrite any insurance plans, even the guaranteed acceptance plans have clauses

    Are you saying they have sourced a totally new type of insurance plan unknown to financial advisers?
    Last edited by berty; 25-08-2007 at 05:47 PM. Reason: Extra Info

  7. #5
    Senior Investor LynnRE's Avatar
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    Berty: Appreciate this thread, and I am not being sarcastic, but here is part of the problem with these "special" programs such as GPP.

    The story line goes that up until now, only the "rich" had access to these type of products, i.e. Prime Bank Notes, Private Placement Memorandums, Private Placement Programs, and of course the Reverse Pension Plan. The wealthy want to keep the "little guy" down, i.e. poor. But at last this program will allow the "little guy" to have access to the same financial products that only heretofore the "rich/wealthy" could access. Just a small investment would return you super wealth. Now that is the shortened version of the story line. To the uneducated or uninformed person about investments, these have an immediate attraction. Kind of a conspiracy theory, Robin Hood mythology all rolled into one. The "little guy" finally gets even and sticks it to the "wealthy." A small amount of truth sprinkled among the big lie.

    Love your posts, and look forward to many more.

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    I think the question to ask is this.

    If I lay out $30,will I really make $55000 some day? I wish lol.

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    I'm away for a few days so I thought I would leave this link which again is used by UK intermediaries to research markets..

    A prize to anyone who provides information on RPPs

    IFAonline.co.uk

    PS...thanks for the PMs...however I dont do email correspondance.
    Last edited by berty; 26-08-2007 at 10:55 AM. Reason: Error

  10. #8
    Co-Admin YogiBrood's Avatar
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    Quote Originally Posted by berty View Post
    I'm away for a few days so I thought I would leave this link which again is used by UK intermediaries to research markets..

    A prize to anyone who provides information on RPPs

    IFAonline.co.uk

    PS...thanks for the PMs...however I dont do email correspondance.
    Before you depart, THANK you for this thread as an eyeopener which will surely be a well sought after source for information as well as an educational one for all who may and may not know as much as they thought or liked to, on the workings behind a sustainable Insurance policy that promises handsome payouts....!!!

    Like paying out thru the nose.... Hear this and make that wishful thinking to your sweetheart/partner or whoever!



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    Tim Price, - Money Week

    Theres some good stuff here and this guy is a well respected anylist who is well know to several colleagues of mine who pay a lot of money to access his research.

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    No one has found any links to RPPs which are the best kept secret on the financial world at the moment.

    The facts show that
    • There are no current insurance based plans to support this kind of business
    • The TEPs market deals in plans that are at least 7 years old
    • The premium on a new plan would exceed the amount available if a new plan could be sold at TEPs
    • You can’t mortgage an insurance plan its just collateral for a mortgage against a fixed asset.
    • To deal in the numbers of policies these plans say they would issue would take hundreds of staff
    • Banks and Insurance companies are regulated and would have to break the law to deal with this type of business
    • The odds on this being kept secret with 100s of people in the loop would be a challenge
    • They say that the only way to get the number of people involved is to use the internet but Lloyds of London is made up if 1000s of wealthy individuals who underwrite risks against insurance losses and would jump at the chance to invest in a “sure thing”

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