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.