query on PRB's:
is it possible to transfer deferred benefits to PRB, invest in a cash fund, avail of increased allocation rate and encash shortly after with only the AMC to pay. I understand this would leave an increased fund.
I find this a bit too good to be true! Any comments would be appreciated. For instance I was thinking about about bid/offer charge and MVA (can these be applied to cash fund). Member is 2years off NRA so I understand a reduction in allocation rate could be applicable although this wasn't mentioned by the broker.
is it possible to transfer deferred benefits to PRB, invest in a cash fund, avail of increased allocation rate and encash shortly after with only the AMC to pay. I understand this would leave an increased fund.
I find this a bit too good to be true! Any comments would be appreciated. For instance I was thinking about about bid/offer charge and MVA (can these be applied to cash fund). Member is 2years off NRA so I understand a reduction in allocation rate could be applicable although this wasn't mentioned by the broker.
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