On Tuesday, the Professional Union of Insurance companies, Assuralia, said that they were shocked “that there were still people who don’t spread their investments, and invest a substantial part of their fortune in a single product”. On Tuesday morning, Het Laaste Nieuws revealed that more than 700 Belgians had been scammed out of a total of around 250 million euros. This was after they invested their savings in life-insurance, hoping for a high return. “Always check exactly what an investment product entails, and talk to a competitor. A second opinion can be very useful”, says the Assuralia spokesman, Wauthier Robyns. According to him some consumers “compare the prices in 4 different shops and look on the internet to buy straighteners, but only go to one company for an important investment decision”.
“It saddens me that there are still people who “bet” with investments, and not just with 5% of their savings, but a significant part of it”, says Wauthier Robyns. He recommends always being on your guard where it comes to investment offers. “Be on your guard. Especially with products that promise high returns, products that from abroad, or products offered by companies that are not very well-known”, he says.