WORLD PENSION CLUB

[Glam]

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[freemonk]

This is what I hear from other source:
They take your money, then deactivate your url, then tell you each activation at a cost of $41 lasts only one day, so pay another $41, and another etc.
TOTAL SCAM. Forget it.

Honest comments please....

[MarkT]

I was wondering about this myself since there was a few other mentions of this program on the forum. I wasn't sure if that was a scam or not, even though it definitely sounded like one. I've never tried the program before but it's nice hearing some opinions on it before I go signing up for anything like this!

[freemonk]

Hey MarkT,
There ARE genuine pension programs where you do'nt
have to wait long for the payout.
Even more than one, from very trusted sources, with
good records and clear explanations about how and
why.
They are no copycats, cost about the same and are
ready to pay the lump sum after completion of
memberships and administration (soon).
Say the word and I'll send you the info...

[peppy]

Please explain how you can make money from this?

I am unfamiliar with this kind of pensions business but I am interested. Is this like an affiliate type of deal or a pyramid scheme?

[freemonk]

"Is this like an affiliate type of deal or a pyramid scheme?"

Hi 'peppy', it's none of those.
Reverse pension plans are based on financial procedures
well-known within banking circles, nowadays possible for
many because of the internet; however, within strict
privacy rules.

For the one, they need, say, 25000 members, and for the
other they need 100,000 members, before they can proceed
with the financiers and the insurance company.
Also, for the one it's allowed to take multiple positions,
while for the other only 1 position per member is allowed.

What they really only need is these members, to get the
policies in their names. The financial technique is such
that everone wins, while there is no liability for members.

The entry price is mostly for cost of administration, and
some of them actually promise the return of this cost in
case of failure to complete the process.

In one of them, a company purchased 'positions' for all of its
(hundreds of) employees; this was decided by the company
owner based on good due diligence.

What makes you think of an affiliate type of deal or a
pyramid scheme, is probably because of the extra money
paid out for referring, and referring is built in only because
it saves them lots of time to fullfill their obligations to the
financier AND the insurance company.

These pension-policies, like other types of debt, are used in
different sorts of banking trades, but they must be real and
in the names of real persons. In the case of "reversal" plans,
the member (policy-holder) gets a good share of these trade
profits beforehand, while the reverse-pension-plan organizer
gets his own profits (quite a lot) much later.

The administration and the complicated contract procedures
are such that sometimes they fail to complete all of it, and
this is why they sometimes take a bit longer than foreseen,
or why they even quit. In case of failure to complete these
procedures, depending on which plan and organizer, they
then keep the fee for admin, or they return them alltogether.

A typical example of such a plan is $40-$50 admin cost (one-
time payment without any later costs), and a return of $50K
and more within 1 or 2 years.
Sometimes they are well underway with the memberships
needed so that the return to members could take only 1 year
or less.

* Keep in mind that frauds and copycats are busy monitoring
and scamming, and that the genuine ones cannot divulge all
the info you'd possibly want, and that some of them do not
even have any website - for the same privacy reasons and for
security reasons, thereby avoiding disrupters, ddos-attacks,
and so on.

To get even more info on the intricate workings of such plans,
you'll need to send me a private message with your email
address, so that I may direct you to certain websites for more
reading.

freemonk