1 reviews | Active since Dec 2020
FEDGROUP ATE HALF MY INVESTMENT
My late mother left a beneficiary fund for me. The money was left with the so-called fed group investment. I am only able to get the money to my account when I am turning 18. I took some time out to look at the previous statements over the years only to find out the Beneficiary Fund from Fedgroup went from R22,000 in 2008 to now be just over R10,000. How do you lose so much money over half of what was left for me is gone. The statement just shows outrageous management fees. Money is supposed to grow and not to disappear like that. I am not the only one my uncle has also lost his retirement fund to this company in one year it went from R78000 to R66000. How do you explain that please I need your help?
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