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I currently have a ILP with AXA wealth accelerate for 30 years. The reason for it is cos of the 200% and breakeven charges of 0.3%. However, I am unsure which fund to choose as there are so many in AXA website. Could anyone advice on how to choose and what should I be looking out for? Thank you!
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Tan Choong Hwee
11 May 2021
Solutions Specialist at Providend
This is the reason why I won't invest in ILP. While you can seek advice from the financial advisor who sold you the ILP, you still need to do your own assessment on whether his/her advice suits you, unless you trust his/her competency.
And if you are prepared to spend time studying the funds, you would be better off investing in the selected funds via zero-fees platforms (e.g. POEMS, dollarDEX) than paying relatively high fees thru ILP.
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Kylie Ng Kai Li
11 May 2021
Senior Premier Consultant at AIA Insurance Pte Ltd
Hi Tokyofood,
Understand that advisors are not liable to give any recommendations or help you to c...
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These mixed instruments (investing + insurance) to me never seem a good idea with intransparent costs and very probably underperformance