Policies have had a bad rap for their high costs, but the cost gap is narrowing with many offering access to the same unit trust funds, including low-cost index-tracking ones, and investment platforms you would use if you made your own investments with a big life company.
Momentum's Freek Kruger says the commission paid to advisers on policies is regulated, but adviser fees for investments made through an investment platform are not. However, some companies limit the fees that independent advisers charge. Commissions and fees must be disclosed, so check them out...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.