FT
Freek T
1 reviews | Active since Apr 2011
20 Feb 2019, 12:20
Be aware of high RA costs
Please never enter in a contract with Momentum Investo Retirement Annuity (RA). My EAC is: 1 year = 17.4%, 3 year = 9.2%, 5 year = 7.1%. Much rather go with the new age RA providers, cost is much much less. I have now paid my school fees. Please don't use insurance companies for this stuff.
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Replies (2)
Momentum (SA)'s replyOfficial
20 Feb 2019, 12:27Dear Mr van Toorn,
I understand that this matter was already addressed by Eldette de Bruyn in our Client Care department. Please refer to the email dispatched to you on 15 February 2019. There is nothing further that we can add to the information already provided to you.
Regards,
N D'Arch
I understand that this matter was already addressed by Eldette de Bruyn in our Client Care department. Please refer to the email dispatched to you on 15 February 2019. There is nothing further that we can add to the information already provided to you.
Regards,
N D'Arch
Momentum (SA)'s reply20 Feb 2019, 12:27
Official
Dear Mr van Toorn,
I understand that this matter was already addressed by Eldette de Bruyn in our Client Care department. Please refer to the email dispatched to you on 15 February 2019. There is nothing further that we can add to the information already provided to you.
Regards,
N D'Arch
I understand that this matter was already addressed by Eldette de Bruyn in our Client Care department. Please refer to the email dispatched to you on 15 February 2019. There is nothing further that we can add to the information already provided to you.
Regards,
N D'Arch
FT
Freek T's updateReviewer Update
20 Feb 2019, 12:52Thank you I am just making my fellow investors aware that any return on investment will most likely be absorbed by your high annual fees. Before you enter in a contract always check EAC (effective annual cost) and compare with new age RA providers. (Sygnia, 10X, Allan Gray etc.)
FT
Freek T's update20 Feb 2019, 12:52
Reviewer Update
Thank you I am just making my fellow investors aware that any return on investment will most likely be absorbed by your high annual fees. Before you enter in a contract always check EAC (effective annual cost) and compare with new age RA providers. (Sygnia, 10X, Allan Gray etc.)