In recent times, a relatively more profitable range of RA products has emerged. From some preliminary research it seems that the products are very flexible, allowing the client (you) to lower the premium, or skip payments without any penalty. The fees structure is far less than that of legacy RA's where it is proven that an investor loses up to 45% of their return at maturity due to fees paid.....or rather that 45% of the premiums paid are absorbed into fees. The entire new RA type of transaction is transparent, where the client is able to generate reports and get proper analysis of the progress and value of the investment, whereas legacy products are shrouded in secrecy and are non-transparent and charge the client fees for every damm thing that they can. A client can change between new gen RA providers without penalty. Legacy RA providers charge a penalty should you leave them, and have been masking their products to appear as the new gen products ( to keep their investors) but still are non-transparent and still bite off our heads with their fees and rules.
Please research this and post your experience /expertise here. In no way am I affiliated to any provider hence I have also not selected to name and shame or glorify them, neither have I mentioned the providers that offer the genuine new RA investments....but scrounge around on Fin24 and see what you find out.
Thank You
Marantz123.
Please research this and post your experience /expertise here. In no way am I affiliated to any provider hence I have also not selected to name and shame or glorify them, neither have I mentioned the providers that offer the genuine new RA investments....but scrounge around on Fin24 and see what you find out.
Thank You
Marantz123.
