An initiative by the Association for Savings & Investment SA means that, for the first time, you will properly be able to compare the costs of collective investment scheme and life assurance investment products through a standardised cost measure, the “effective annual cost”. Also on the cards is a “key feature document”, which will allow you more easily to compare information across products. This Saturday, PERSONAL FINANCE outlines developments that are expected to result in greater competition between financial product providers and bring down costs.
Also in the week’s edition:
- The maximum interest rates that you can be charged for credit are about to be reduced, but some members of Parliament say they are still far too high and are seeking to reject the regulations that determine these rates.