What is the annual management charge for the employees?

Article author
Nneka
  • Updated

The management fee (asset management) is 0.12% annually. Each month, 0.01% of the invested capital is withdrawn from the individual participant’s account. This percentage includes the temporary discount of 0.036% per year which is valid until 31 December 2025. 

After this period, the management fee will adjust to the normal rate of 0.156% per year. The management fee is charged on a monthly basis and settled with the invested capital. 

Was this article helpful?

0 out of 0 found this helpful

Have more questions? Submit a request

Comments

0 comments

Article is closed for comments.