Sunday, September 20, 2009

FISCA - Verification of Financial products

FISCA wish to look for volunteers to help consumers to verify the financial products (including insurance policies) that they have bought.

The consumer will be asked to state what they have been informed about the product and the materials that were provided.

The volunteer (who must have the required certificate in insurance or investments) will check through the materials to explain if the verbal representations correspond with the written materials.

The volunteer will also point out if there are other facts (such as high upfront charges) contained in the materials that were not explained to the consumer.

If there was mis-representation or failure to provide satisfaction explanation by the person who sold the product, the volunteer will help the consumer to write a complaint to the relevant body. The admin fee will be $50.

If you are interested to be a volunteer, please write to kinlian@gmail.com.