80
-
(g)&(h)
The real rate of return is reduced by administrative fees of between 3.5% on a monthly contribution of $2,000 and 6.5% on a monthly contribution of $400. During the initial years of contribution, the administrative charges may reduce the investment return by a considerable amount. However, as assets accumulate, the administrative charges become insignificant. A summary of the impact of these charges is annexed.
The Wyatt surveys, covering about 40% of the market, are used to assess the investment performance of existing schemes.
The Registrar does not have other reliable sources of information to gauge
the investment returns achieved by retirement schemes during the past 20 years.
No comments yet.
Private notes are available after approval.