Tradefair & Financials
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13 Jan 10
10:58
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Date Joined:
24 Jul 06
on my statement it states investment content 102.50% and total investment £30750 and yet my initial investment was £30k. what is the extra 2.5%.
id ask my financial advisor but hes seriously ill.
thanks in advance and apologies for being thick.
id ask my financial advisor but hes seriously ill.
thanks in advance and apologies for being thick.
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You were given an 'additional allocation' of the 2.75% when you signed up. Whilst this sounds great, you will more than pay it back in additional establishment charges over the next 3-5 years.
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Sorry, extra 2.5%!
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can you elaborate please desmond?
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1.01 bet, its free money
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the extra allocation up front is paid for by taking bigger annual charges out of your plan (usually for 5 years)
it also allows the adviser to take a commission and still give you more than 100% allocation. It was pretty common practice but less regular these days |
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most advisors get 4% though and 10% on profits
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Nova
i dont know where you get your facts from but this isn't true bank advisors maybe |
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they get more?
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d13phne is correct. That really is all that there is to it.
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