For the last 3 years I have put money into the Zurich Dynamic savings fund via monthly direct debit. I currently have €30,000 in the fund. I plan on continuing to save at least €500 per month for the next 15 years.
I am paying an AMC of 1.5% which I only recently found out is very high. I discovered that I can get an AMC of 1% for the same fund through a different broker. Both offer 101% allocation and no exit charges.
Will it be worth my while to cash out this policy with a 1.5% AMC and lose the units I have built so that I can open the same fund with a 1% AMC and gain more from my investment in the future?
I am aware that I can buy ETFs directly as a cheaper investment option, however I am happy to pay the 1% AMC for the Zurich fund so that I will never have to worry about deemed disposable.
I am paying an AMC of 1.5% which I only recently found out is very high. I discovered that I can get an AMC of 1% for the same fund through a different broker. Both offer 101% allocation and no exit charges.
Will it be worth my while to cash out this policy with a 1.5% AMC and lose the units I have built so that I can open the same fund with a 1% AMC and gain more from my investment in the future?
I am aware that I can buy ETFs directly as a cheaper investment option, however I am happy to pay the 1% AMC for the Zurich fund so that I will never have to worry about deemed disposable.
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