Expense Account, Min My phone rings. It is an uncle who has just turned 60 wanting to know if he was doing the right thing with his retirement corpus. He’d called in a neighbour’s kid for advice. The kid works in a large private sector bank. She offered a bouquet of unit-linked insurance plans (Ulips)...
Expense Account, Mint Clearly many people out there are keen to see the distribution industry in India mature. The response to my last week’s column that predicted the shape of the industry over the next few years got people mailing and calling. One mail and one conversation need a wider discussion. Ganesh Sankaran of LatentView, a consultancy...
Expense Account, Mint This year will go down as one in which a fog of confusion enveloped consumers and distributors of financial products. While mutual fund agents feel as if the regulations are trying to kill their business, insurance agents are protesting reform that is yet to be announced. Consumers are confused about what to pay,...
Expense Account, Mint It is always the transition generation that finds it the most difficult to adjust to change. I was a rookie business journalist in 1992 when the Harshad Mehta scam broke and the securities market reform began. I remember talking to a small stock broker in Delhi discussing the incipient changes. Sitting far...