How to determine the risk, according to Nordea Bank
November 20th, 2011
For Nordea, equity release risk was to be assesed by reference to the state of the waters you were going to swim in. If you preferred rough waters, you were in for a bumpy ride but if you were rather more cautious with your life-time savings, then your preference naturally would be calm waters, as in the blurred photo.
Well, no sooner than the product was signed up, the calm waters soon turned into a shockingly brutal storm where losses have reportedly reached 50% of the sums invested.
Excellent quantification of risk!
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Well having just updated myself with your blogs I am amazed that there appears to have been no reaction from the banks. If all those things were said about me then I would hot foot it down to my lawyers office. Perhaps as they say “silence is golden” and the banks in question have no case to answer and therefor must be guilty as hell. Keep up the good work I just love reading these blogs in fact they are better than the latest Michael Connelly novel “The Concrete Blond” and I tell you something that Michael Connelly is some good author.