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Anonymous
Should I buy ILP, for example. AXA wealth accelerate?
I was looking at ILP, I know that the fees are high, but looking at the pros, it seems lie they are able to get access to A.I funds which is able to earn returns that are higher than the usual funds. What are your views?
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No ILP is bad. The fees are perm, charges annually and will eat into your returns. Due to this fixture, it is shown almost all who bought ILPs underperform the index with about half only breaking even (0% returns) this is due to the fees paid to the insurers and the underlying annual fees
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No, never.
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Well if you're lazy to do the investment yourself or have limited knowledge and access to funds then yes. Otherwise, nope.
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AI funds because they generally have better returns, more stable, has great reputation.
Even if...
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They are ok for people who wants some xposure to the market. Howver with the increasing availability of information online, it might not be such a good idea.