I rang Zurich last week to price an AVC. I was told that the fee is 1%. Which is grand.... Plus 5% allocation. Which is not grand. Just to clarify, I asked "So if my investment makes 7% growth each year you're going to take 6%?" He said "Yes" Either he was misinformed, or he was the worst salesman in the world. Is this figure normal? What's the difference between allocation and fees? Thanks in advance.