Friday, April 02, 2010

Fundsupermart - To Start Imposing Platform Fee

Popular online Unit Trust distributor Fundsupermart is going to start imposing a platform fee. This new pricing strucutre comes in a very short notice taking many retail investors by surprise. Instead of keeping cost of investment low, FSM has decided to go in a different direction.

From 1 April 2010 onwards, we will be introducing a new pricing structure with substantially lower front end sales charge. From 1 May 2010, there will also be a new quarterly platform fee on all cash and SRS fund holdings.

Changes to the Pricing Structure [via]

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