FightBack.co.za

[andresw]

To get the true performance of funds invested all Insurance Companies of Retirement Annuities, Endowment policies, Unit Trust, Preservation Funds, etc. should provide the following information on their benefit statements provided to investors.
Some of the funds do provide some of the information however their does not seem to be a standard which should be applied across the board.

1. Date of inception of the specific policy / investment.
2. Total gross contributions since inception to date before any deductions of cost, fees, commission’s admin fees etc.
3. Total cost, fees, commission’s admin fees etc since inception to date, showing total of each cost separtly.
4. Current market value.

All funds do provide the current market value however historical information of contributions and cost very dificult to obtain and I think everybody should have this information which will assist to calculate the real performace of the investment.
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JACKSON