Submitted on Sunday 7th August 2011
Published on Monday 15th August 2011
Current status: Closed
Closed: Wednesday 15th August 2012
Signatures: 4
Tagged with
Ban the finance industry from charging fees from capital.
Ban the finance industry from charging any fees on an individuals investment capital. All fees and charges should only come out of interest earned or capital growth. The original capital amount should be protected. If the value of a fund suffers a reduction , in any given financial year, then fees should be paid to the individual( negative fee payment).
This should put an end to the common practice of front loading charges and the corresponding reduction of pension-pots etc. It will also end the practice of awarding greedy bonuses, commissions and other back-handers all paid for by Joe Public out of their hard earned pensions/savings. All of which amounts to legalized theft.
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3.128.197.55 Thu, 07 Nov 2024 19:38:07 +0000