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Nedgroup Investments Retirement Annuity

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indexer:
Does anybody know more about the Nedgroup Retirement Annuity platform?

They did not use to have a RA platform but based on the cost calculator this might be the cheapest RA around.

EAC of 0.57% using the Core Diversified Fund! That is cheaper than 10X and Allan Gray, the Allan Gray platform fee is very high if you don't have an Allan Gray fund.

https://nww.nedgroupinvestments.co.za/content/NGISingleSiteContent/Local/Individual-Investor/invest-with-us/help-me/fees-calculator.html

My only concern is that if their back office admin is as bad as their website I might wish I didn't move to them.

willemm:
if you do make the move or open an account with them, let us know what your experience was.

indexer:
@willemm

My section 14 transfer is in progress, so far it has been very easy. If anybody is interested I can forward details of who to speak to at Nedgroup. Attached is a comparison I got from one of the fund managers at Nedgroup.

fire2029:
Hey indexer,

1 any update on your experience since moving to Nedgroup Core?
2 why are those EACs for Nedgroup Core higher than I was expecting. Specifically, why is there an admin charge?
Care to share your latest EAC .

Thanks

indexer:
Hi fire2029

1. Good service and a fairly simple process.
2. See the screenshot I uploaded earlier. My EAC works out to 0.72%. They use a different fund class (C) for the RA funds that include the admin fee.

If I was moving my RA now, I would consider the OutVest fixed ONEfee offering.

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