I don't know what to do, I know things could change over the next 4 years but I really can't afford to loose money.
100% allocation could be after charges of 5% are deducted - hence the 95%. And then there is presumably a annual management fee of c. 1% or more? Should all be detailed in the terms & conditions. Those charges seem high given that you can get similar investments with no fixed term for no charge up front and just a c. 1% annual management fee.Hi it's a bonussave plus account over 5 years.
It says the fund is Consensus Life Series 2 with 100% percentage allocation, it then says underneath 95% of your payments are invested.
There are charges but I can't see what they are.
Bad idea to take "advice" from a tied agent if you are actually looking for independent, professional advice. If you are panicking in the fact of paper losses with this investment then (a) you may not have understood the product or read the documentation provided and/or (b) the product was not really suitable for your specific needs.The reason I chose this plan was because it was the one recommended by the financial adviser in the bank.
For what - e.g. what specific product?Would anyone recommend EBS?
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