1 reviews | Active since May 2012
Retirement Annuity transfer fees
<p>Policy GE ********** 13.</p> <p> </p> <p>I am not getting a direct reply of how much fees were dedected from my contributions to my Retirement Annuity policy since it started in 2005. I have given instruction to transfer my RA as the fees are HIGH and the performance of the prescribed portfolios are very POOR. I have been quoted additional fees of 15.625% of fund value which I feel is too high as fees have already been deducted regularly for 10 over years i.e. allocation fee, Admin fee, Management fee. The transfer fee is more of a penalty for leaving Momentum!</p> <p> </p> <p>I woud like a total of all fees deducted over the life of the policy as well as a waiver of the quoted transfer fee.</p> <p> </p> <p>Regards</p> <p>Aloysha</p>
We appreciate you bringing your concerns to our attention and we will look into the points raised and will provide you with feed-back during the course of the day.
Kind regards
M Coetsee
We appreciate you bringing your concerns to our attention and we will look into the points raised and will provide you with feed-back during the course of the day.
Kind regards
M Coetsee
Communication will be send to your e-mail address with regards to the alternative options available.
Kind regards
Michele Coetsee
Communication will be send to your e-mail address with regards to the alternative options available.
Kind regards
Michele Coetsee
Hi Michele
Just for the record, Momentum remained adamant that the 15% of fund value costs is due to them.
I have agreed to the charges only because I will be doing an injustice to myself by arguing any further.
What Momentum has done is not prudent.
Regrads
Hi Michele
Just for the record, Momentum remained adamant that the 15% of fund value costs is due to them.
I have agreed to the charges only because I will be doing an injustice to myself by arguing any further.
What Momentum has done is not prudent.
Regrads
