avc's for asti members

M

macnas

Guest
Cornmarket provide avc's for asti members. they say .....lower charges...they have waived all initial commissions on avc's. replaced them with a straightforward flat charge, for cornmaket's work in setting up avc. This is currently €775. They say this is fairer than trad. commission payments-often substantially less. Existing members pay ONLY half the normal set up charge to top up their avc. Irish life levies an annual management fee 1%. They say that the "core charges are a 5% contribution charge and a 1% annual management charge for a typical avc fund. This is on top of the €775 set up charge? So to set up an avc at say €100 per month will cost €775 + 60 + 12 = €857 thus you pay €1200 and they take €857 which leaves €343! Not great! that is a large % to make up in the life of the avc!
 
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