Question Re ITC PRSA Fee and LEAP (Connexim) fees combination query

tandcapply

Registered User
Messages
16
Hi all,

We're about to set up a new Execution only ITC PRSA and invest via Connexim's LEAP platform.
Just wondering if anyone knows if the total annual fee is the sum of both ITC and LEAP's below?

For example, if ITC PRSA Annual management charge on the brochure is says 1% and LEAPs commision is stated as 0.8%.
Assuming I've invested 100,000 and made no interest in a year (for simplicity). Will at the end of the year there will be a charge of 1.8% on the total 100,000?
 
For what it’s worth, I would question if all the bells and whistles Connexim offer are worth it - every different layer gets a slice (platform fee, fund fee, etc…). I suspect a simpler bundled option from a life insurance co may be better value. 1.8% is significantly higher than others are playing for PRBs and PRSAs