Islandfielder
Registered User
- Messages
- 35
In October, I will have €100k to invest for 5-8 years. I have been researching index funds and ETFs etc and interested to go that route directly. Looking at passive, tracking S&P, low fees, and especially looking at Vanguard (perhaps through DEGIRO).
As part of reviewing my finances in prep for retirement/ARF decisions in the next few years I’ve met with AIB (where I have current account and term deposit plus one Fund investment I recently paid deemed disposal on).
They advised that if I were to invest in their fund - they would provide 1.5% on top for customers who already have a fund. Bringing it to 101,500 But when I asked about charges it appears to me they are high and even with the extra 1.5% (which is then almost wiped out by give 1%) I’d be better to stick to where my I itial research had helped me land. Restrictions also seem high. Below is what they are offering. Appreciate thoughts from those of you more experienced with such matters?
The charges involved with these funds are as follows…
-1% government levy which is applied to the initial contribution.
-The annual management charge is 1.1% for fusion 2-5 and 1% for fusion 6. This is deducted monthly.
-There are exit penalties which are applied for partial or full redemption…… 5% for year 1,2 and 3….3% for year 4 and 1% for year 5…..no redemption charges from year 5 onwards(applied to value of redemption)
As part of reviewing my finances in prep for retirement/ARF decisions in the next few years I’ve met with AIB (where I have current account and term deposit plus one Fund investment I recently paid deemed disposal on).
They advised that if I were to invest in their fund - they would provide 1.5% on top for customers who already have a fund. Bringing it to 101,500 But when I asked about charges it appears to me they are high and even with the extra 1.5% (which is then almost wiped out by give 1%) I’d be better to stick to where my I itial research had helped me land. Restrictions also seem high. Below is what they are offering. Appreciate thoughts from those of you more experienced with such matters?
The charges involved with these funds are as follows…
-1% government levy which is applied to the initial contribution.
-The annual management charge is 1.1% for fusion 2-5 and 1% for fusion 6. This is deducted monthly.
-There are exit penalties which are applied for partial or full redemption…… 5% for year 1,2 and 3….3% for year 4 and 1% for year 5…..no redemption charges from year 5 onwards(applied to value of redemption)
