Just came across this thread while doing a search.
I think I'll echo most of the comments above - but perhaps a little stronger. I would not only advise people not to go with Acorn Life.... I would actually give people a warning to stay away well from them. I've been quite happy to share my experiences with family, collegues, friends all along. I have had a running dispute with them now for a number of years & have got zero satisfaction from them.
The blew about 25% of my contributions over the last 10yrs. Part poor performance was blamed upon the post 9/11 downturn.... however in the following boom period, the fund continued to perform badly...... so.....
- the fund value was below what was invested during boom times.... but they 'did not track the market' - that's their quote by the way.
- but now that the markets are down then more money was wiped off...
so in good times it lost money, in bad times it lost more money.... make sense!
Avoid them like the plague........
ninsaga