Substantial savings in CPF agent bank charges.
If you are currently investing through a non-IA
platform, each fund house whose funds you purchased will individually
and separately request monies from your agent bank. This means each
fund that you buy will individually incur CPF agent bank charges.
These charges can rack up to a significant amount. More importantly,
these charges erode your returns.
As an IA, iFAST is able to draw a consolidated
amount directly from your agent banks for all your investments.
On iFAST, you are charged the lowest fee no
matter how many funds you buy.
The table and example below illustrate how much
you can potentially save by investing through the iGP platform.
*Note that the summary of agent bank charges is
based on the average bank charges