The Vision Savings Plan is an investment-linked regular payment savings plan from Utmost International.
It was mainly intended for expats searching for savings options and was made for mid- to long-term investments.
However, many customers claim that the plan wasn’t worth it, which we’ll talk more about later on.
While existing investors can continue with their plan, new clients can no longer subscribe and are better off looking for alternatives.
If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me (advice@adamfayed.com) or WhatsApp (+44-7393-450-837).
This includes if you are looking for a second opinion or alternative investments.
This article is here for informational purposes only, and some of the facts might have changed since it was written. So, potential investors shouldn’t invest or decide not to invest based on this review alone.
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What is Utmost Vision Plan?
The Vision Plan was an offering from Generali Worldwide which global life insurance and investment firm Utmost International acquired in 2019.
The plan makes investments in accumulation units, the value of which fluctuates according to market outcomes.
Roughly 200 choices for investing were available, including both internally and externally managed funds.
The policies were available in British pounds, euros, Hong Kong dollars, and Japanese yen.
On top of a minimum contribution requirement per month, the plan has various fees, such as an upfront cost and recurring management fees. These expenses may have a major effect on total returns.
Pros and Cons of Utmost International Vision Savings Plan
Some reported that although they did not suffer any losses, their profit was not as great as they had anticipated. The plan has drawn criticism from users for performing poorly vs industry norms.
Many reviews point to excessive fees that eat up a significant amount of payments; others claim that charges accounted for more than half of their payments instead of growth in investments.
Many also talk about how hard it is to get satisfactory answers to their questions from customer service.
The main issues with the rather contentious Utmost International Vision Savings Plan are its exorbitant fees and subpar investment results.
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