SOMEONE POSTED THIS COMMENT IN MY BLOG
The Ideal plan from NTUC Income is a regular-premium ILP. These kinds of products (including the ones from NTUC Income) have extremely high expense ratios compared to Unit Trusts and ETFs.
Before you decide to invest, remember to ask Income to quote you the expense ratio and compare it to a regular-saving Unit Trust.
You can check the FAQ of the Ideal plan. The plan charges 15% of the savings for the first 3 years and that's not including the loads and management expenses.
This is definitely a bad deal compared to a Unit Trust.
If you can find a unit trust that accept regular savings that can be invested in a fund with low initial and annual charge, you can send them to me.
I understand that most unit trust have high annual charges and expense ratios (which include a trailer fee payable to the financial adviser).
But, if there is really a low cost unit trust, it will be great for consumers. And I shall be happy to recommend it.
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