My sister asked me to review a contract for a pension insurance a good friend was advicing to her for her retirement. It was so expensive that it basically was a scam... 5% issue premium, 2% contract costs to the insurance company and a TER of more than 2.1%... Under the hood this product was basically buying cheap ETFs and bond funds... 😓 Always be super careful when a "financial advisor" is trying to sell you something without charging you for the consultation. Even if it's a good friend or family member... They are earning their whole salary from kick-backs and commission. It's in their interest to sell you products which they earn the most from. The expensive ones.
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