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Forbes: Review Important Terms, Consult With Professional Adviser Before Considering Pension, Settlement Factoring Transactions

The SEC and FINRA alert concerning pension factoring and structured settlement factoring prompted a article entitled “Pension Loans Finally Catch Regulators Attention“, available here.

According to the article, those considering entering into, or investing in, such deals, should: “Ask for a contract to review upfront before you sign anything.  Then tell the company you want to consult with a tax adviser/CPA, financial planner or lawyer.  See how they react.  If they refuse to show you a contract or be honest about the terms, then move on.”

For more Secondary Insurance Market Blog posts on the interest of public officials in pension factoring and structured settlement factoring, see the additional posts herehere and here.