Investors are becoming increasingly aware of the (catastrophic) effect that high investment fees can have on their retirement lump sum. But this will help you understand the different types of investment fees.
Financial Advisor Fees - Paying upfront commission to your financial advisor pushes up the cost of your investment.
Admin / Platform Fees - Old investment structures often come with high fees
Asset Management Fees - Retail fees, Asset Manager & Admin Fees
Can you move your existing RA or Preservation fund? Yes
Does it cost anything to move? There may be cost implications
Why should you move? Reducing fees in your investment can make up penalties and place you in a better position at retirement.
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