The paperwork states it is invested in
Mirror funds. Are they newspaper shares?
If the policy invests in
mirror funds, remember there will be additional charges on top of those quoted.
If it is into a fund, ask whether it is a
mirror fund.
Mirror funds are not the same as the true underlying fund and therefore the fees and performance can be different from that of the true fund.
Also, it is important to ensure that you are investing in the actual fund not a
mirror fund as the charges on
mirror funds tend to be higher and this can have a detrimental affect on the performance."
It is very important to find out if the scheme offers direct access to the investment funds or if they offer
Mirror Funds, which will cost you an additional - often unseen - layer of charges.
