Commission to IFA

doughnutmachine

dunstonh wrote: »

The thread contains the total and the rebate.

perhaps you could put it all in one post....

but just one figure for all costs.... it's certainly not the 0.2% you claimed in one post.

dunstonh

it's certainly not the 0.2% you claimed in one post.

If you have a fund of 0.80% annual ongoing charge and a rebate of 0.60% then what does that?

I wouldn't use the fund in question as I think it is expensive and has little to offer. A better option is the one I mentioned with a 0.85% charge which would give a potential 0.6% rebate giving a net 0.25% charge.

jem16

doughnutmachine wrote: »

Thanks very much for that link Jem. But the 1.25% pa charge, mentioned in the document, is not the total charge paid by the investor. You do know that?

Of course, which is why I said rebates are clearly laid out on Axa's website and atush has posted indicative IFA charges. Provider charge will vary depending on the provider.

The document itself says;

"In addition to the fund charges stated, there may also be product charges and/or adviser charges relating to the product that you access this fund through. Where there are additional charges, product past performance figures will be lower than the figures shown."

Product Charges (via IFA using Axa as the provider) using Axa Wealth Pension funds only = £0.

http://www.axawealth.co.uk/adviser/knowledge-library/literature/retirement/retirement-wealth-account/charges/RWA-Charges/

See Page 3 for Product Charge via IFA. DIY via SIPP will pay a product charge.

Also note the rebates on Page 7 which confirms what has already been posted.

IFA charges = already posted by atush as a guide.

If you want a personal illustration please go to https://www.unbiased.co.uk and find an IFA.

Now if you would be so kind as to give links to the facts and figures which make you sure that the above is incorrect, I'd be happy to see them.

doughnutmachine

dunstonh wrote: »

If you have a fund of 0.80% annual ongoing charge and a rebate of 0.60% then what does that?

I wouldn't use the fund in question as I think it is expensive and has little to offer. A better option is the one I mentioned with a 0.85% charge which would give a potential 0.6% rebate giving a net 0.25% charge.

so someone asks you how much a particular fund costs, and you respond with charges that a different fund charges?

10/ 10 for confusing a simple query.

dunstonh

doughnutmachine wrote: »

so someone asks you how much a particular fund costs, and you respond with charges that a different fund charges?

10/ 10 for confusing a simple query.

No. I tell them what fund to use. Not the other way around.

If someone came to me and asked me about that fund, I would research it and tell them not to use it but advise them accordingly. I would not let them blindly invest in something I think I think is unsuitable.

Lokolo

doughnutmachine wrote: »

Quite agree, some people have no idea about the costs of running a fund. Some person in the thread even thought stockbrokers worked for free. *sigh* it's almost funny.

It would be interesting to see how you think how I said there are no dealing costs such as £12.50 a trade, converts to stockbrokers working for free.

Have you ever seen traders in the business working?