Investment Trusts: Post and Japan

investment trusts: Most contracts were conducted in fiscal 2018, which ended March 31, according to The Japan Times. By June, 18,000 cases of improper sales had been identified at 90 percent of some 230 Japan Post Bank outlets. An investigation by the unit of Japan Post Holdings Co. newly identified some 2,000 cases of improper sales of investment trust at 200 post offices, the sources said. ; Japan Post Co., another unit, sells investment trusts at some 1,500 post offices under an outsourcing agreement with Japan Post Bank. The investigation found that investment trusts were sold to elderly customers without confirming whether they fully understood the terms of the financial products, the sources said. The Financial Services Agency is now investigating the Japan Post group's sales practices and internal controls, while considering administrative reprimands. Across the whole Japan Post group, some 183,000 cases of improper insurance product sales had previously been found. (news.financializer.com). As reported in the news.