S
As you were in the know so to speak, did the colleague not advise you of the circumstances that yiou would have been better off investing through New Ireland and a mixture of funds. The same investment gets a better deal via NI. Are you in the country (outside Dublin) by any chance ??
If the person worked for Bank of Ireland and walked into the investment person to discuss investment why would he tell the person to go down the road to a broker? Why do you assume that he would be aware of what charging structures brokers might be on offer through them for the same fund.
The people working in the Bank are fully aware of the other offers. They are also aware of the other deals available. They control the remuneration of the Brokers not vice versa. I hold correspondence from the higher level of NI stating that they are aware of this carry on. As the instigators and controllers of the fund, and also part of the Bank, they are responsible for advising their clients of the best choice of investment route as well as meant to be in a position to advise the client correctly. Simple as that.
I have an evergreenfund only 1 year now. I have lost a substancial amount of money already. Is there anyone in the same boat? Any advice should I just out now or hang on???
If you are trying to have a personal attack on me it won't work.
The Tied agents have full control within certain limits concerning Bonus and Management Charges. I have full understanding as to how these guys work. It seems pretty apparant that you haven't a clue. I never stated that they have control of the running of the funds. However it is morally wrong that New Ireland have control of two sets of Tied agents - the NI Tied agents and the BoI Life Tied Agents and the other Brokers that try and sell their funds. They (Head Office) do control what they can offer and the charging structures. In my case I had an offer from Head Office which they refused to comply with, but the offer was promised to me if i paid a fee !!
Furthermore I suggest you read the Code of Conduct as set out by the Financial Regulator before you enter into criticising me.
Dont try to let on you are not a biased opinion as i have seen you spouting on about this supposed letter & issues now for some time in other threads totally taking over the threads and questions for you own purpose of having a pop at New Ireland/BOI Life etc(deserved maybe? but that isnt the issue at hand)..
Its a waste of time trying to reason with you so ill leave it at that as you have a huge chip on your shoulder regarding this fund and cannot be objective.
Dont tell me what to read son, i could level a the same accusation at yourself regarding your understanding of this whole argument.
I dont want to fall out with you so lets agree to disagree and get on with it. Good Luck.
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