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4 layers of ILP fees

Don’t faint: Too many layers of fees in investment-linked policies (ILPs)

Recently, MAS issue a consultation paper with the purpose of greater disclosure of investment-linked policies. Although the consultation paper is technical in nature, everybody should read. In one of its proposal is to standardise the disclosure of fees. there are 4 layers of fees to be disclosed and I reproduced the graphic to highlight these layers: Another proposal is to combine the Premium Allocation Rate and the sales charge/bid-offer spread into a single fee called the ‘single … [Read More...]

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