Hi,

The recent announcement of lowering sales charges is truely a joke. With 0.5% sales charge for equity and balanced funds, capped at minimum of $10, it would mean if i top up $200 on existing funds, my sales charge will be 5%. It means those small investors can go away, FSM only wants to deal with those rich ones.

I know your reply will quote 0% SC on RSP but why do you want to limit your investors to RSP every month at 8th while they can decide on their lucky day to invest with SC 1% is still acceptable.

A small investor like me does not agree on the new pricing structure which will ultimately eat me up through the sales charge no different than Public Mutual.

Dont reply me quoting RSP kind of BS which i already know, saving on paperwork and drive away small investor are your ultimate goals.

Thank you for upsetting your customer.

Xxxxx
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