Royal London 360

These Insurance Companies set up on the Isle O f Man from where

they have sold these financial fraudulent Instruments away from the gaze of the Uk Regulatory Authorities .

The main offenders are a variety of Redemption Bonds sold through

mainly unlicensed financial advisors who recommend dubious or downright fraudulent Funds such Axiom Finance Fund , LM MPF,Rare Earth and many more.

Trustees of pension Funds such as Momentum placed their Investors

into these Funds as well as so called Financial Advisors world wide for which they received outrageous and in some cases illegal Commission and back handed payments from the Funds themselves as incentives to recommend these Funds to the Insurers such as RL 360.

EIF is preparing Class Actions to help recover these effectively stolen funds from innocent Pensioners and retail investors.

feel free to mail me as this is my life mission and I am happy to discuss but in the meantime read the details of Investment Fraud.com

I am an expat with some investing experience, but taxes and investing from abroad can be a bit complicated. I wanted to find a financial advisor to help me plan for my future.

I signed up for a 25-year quantum plan from RL360 recommended by a local financial advisor.

After a few years, I noticed something odd. The funds I held were performing well, but the returns reflected in my account seemed very low. It turns out that the fees were eating away a ton of my money. I was ready to cancel after calculating how much money would go to fees over 25 years.

I was quite angry; my advisor had mentioned that the fees were relatively low.

The red flags are easy to see in hindsight. The advisor barely glanced at my ETF/Stock portfolio. He wanted to sell that quantum plan. The worst things however are the long yearly commitment and early surrender penalty.

At the time, I just didnt see how one-sided and unfair it was. This only benefits RL360, and pressures customers who are considering cancelling. If you wish to cancel, you must choose between paying a high early surrender penalty or continue paying high investing fees. How this is legal, I dont know.

Does an index fund make you pay an early exit fee? No.

My early surrender penalty was around $10,000 USD. I feel scammed out of this money by a financial advisor who I know was paid up front for getting me to sign up. I believe that RL360s investment products are sub-par at best and their sales practices are questionable.

Ask an advisor selling one of these products if they would invest their own money into one. If they answer yes, leave the meeting.

I have enjoyed much better returns managing my own portfolio over 12 years. Taxes arent all that difficult either. Educate yourself, and youll be fine.

There are many other options and dont let an advisor tell you otherwise.

Signing up for the RL360 quantum policy was the worst financial decision I have ever made in my life, but cancelling the policy was my best. I will tell any expat interested in investing to avoid RL360 and look for better options.

I was advised to transfer my pension from UK, as I live in Norway. The pension in UK was gaining a guaranteed 3% per year.

I was informed I could get 8%.

To date I have lost some £35 thousand had I have left my pension in UK. This was done through RL 360.

This regular savings plan offers all sorts of apparent benefits but what is not explained to you is the impact of the initial unit charges. They are never mentioned in the illustrations. They are in the terms and conditions but you almost need a Ph.D. in Quantum Physics to work out what is happening. The net effect is that you really are committed to the full term and keeping up the regular payments. Do not lower the payments and do not take a payment holiday because you lose bonus - and the bonus is the key to recouping the charges.

The premium incentive (which ironically loses value and simply generates more initial unit charges), the increased allocation and the "loyalty" bonus are all paid for by the initial unit charges. You get nothing for free. It's all a clever way to keep you tied in until the end.

Like many, I too was (and am) really concerned about this product and all the charges. I built a spreadsheet to model my investment. Essentially for a 1500 pound a month over 20 years and 5.5% growth you will pay 38000 pounds in initial unit fees (i.e. you are losing at least one of your monthly premiums per year). You will also pay 1.5% in contract fees (so the actual return is 4%) but I am not clear if there are investment products that have lower basic annual fees.

Clearly this sounds terrible and the surrender penalties are high. However once you add in the incentive at the beginning and the final bonus plus an enhanced allocation of 102% I was extremely surprised to see that you seem essentially to get the charges back. I modelled for 7.5% growth and got the same result. Essentially none of these bonuses are bonuses. They simply pay for all those charges. If however you stick to it and choose good underlying investments then it is not a disaster. But you must keep up the full premiums (or you start to lose the bonus) and you must get to the end.

I would never choose this product ever again but I'm not sure I need to bail out either. However, if you are not getting the 3 types of additional payments then I think you will lose money. I believe they must make a lot of money from people who exit early (which I think is disgraceful and unethical) because it seems that the product is performing badly.

This product is in my view overly complicated, mis-represented, inflexible and I would stay clear of it but if you are already in, maybe you should think carefully about whether to exit. You would need to find something with much lower annual management/contract fees to recoup the surrender losses. I haven't modelled products with shorter time spans and therefore perhaps no bonuses. Maybe you do lose money on those. I am not a financial adviser so I hope my calculations are correct!

If you haven't yet invested in Quantum then my advice is simple: don't!

I took a policy with this RL360 a Royal London and they promise if i do invest a certain fixed yearly amount with them after a 15 year you will get as worst scenario the equal amount you was giving at the end of 15 years and they said the first 2 -and half year you will pay for the insurance police but at the end of 15 year you will get all money back as your units are growing up plus an add value wich is you are going to be insured against accidental death or illness all this tme ! But what a surprise your unit never rise up and never enough to equal the amount you invested but in fact the company took from you almost 33% from your capital.

So I will give a practical example about my meaning 15 year fixed amount each year usd$11.249 total amount after 15 year is usd$168.750 . But the reality is only they will payback you usd$113.650 after 15 year. So doing the math you will find the following things. So they screw policyholders with a net loss of usd$55.085.

The funny thing it’s always you investment it’s losing money so never ever your money will pair the amount you invested at the end of 15 year as they said. In my concept don’t ever never do an invest in that company.

buyer beware:

http://www.mrmoneymustache.com/rl360-insurance/

"Clicking that result to visit my own forum, I saw that some MMM readers had gone through some very bad experiences with the company:

RL360 Insurance – I dun Goofed

Even more interestingly, there was another website in those search results that stated: “I have taken down the contents of this page due to an ongoing legal procedure against me.” The original title of the article was apparently “The RL360 scam – my $15,000 Investment lesson”, and an older version of the text is still available on archive.org.

My legal team and I are still waiting to find out exactly what is in the accompanying lawsuit behind this subpoena from RL360, but I am pretty excited to see it.

The *** Field of “Reputation Management”

There is a whole category of companies that regularly review their own search engine results, and if they see something they don’t like, they send lawsuits to the owners of the offending websites. The practice is so common, it’s called a “Strategic Lawsuit against Public Participation” (SLAPP). The practice is illegal in many states, but not all of them yet. Federal laws are needed to prevent it on a US-wide basis.

The goal of these lawsuits is to scare the website owner into taking down the content. That won’t work here at Mr. Money Mustache, because the site has enough attorney readers (and income) that it can afford to publicize and defend against any suit."