I rang Zurich last week to price an AVC. I was told that the fee is 1%. Which is grand....
Plus 5% allocation. Which is not grand.
Just to clarify, I asked "So if my investment makes 7% growth each year you're going to take 6%?"
He said "Yes"
Either he was misinformed, or he was the worst salesman in the world.
Is this figure normal? What's the difference between allocation and fees?
Thanks in advance.
Plus 5% allocation. Which is not grand.
Just to clarify, I asked "So if my investment makes 7% growth each year you're going to take 6%?"
He said "Yes"
Either he was misinformed, or he was the worst salesman in the world.
Is this figure normal? What's the difference between allocation and fees?
Thanks in advance.