8.5% per month in fees?

8.5% per month in fees?

Am I reading this incorrectly or can it be that the monthly fee on this pension fund contribution is 8.5%?

Can it be that R240 of every R2808 in contributions is being eaten up by costs? Every month? And this is before the fund fees?

In 2017 with all the legislation that we have  – FAIS, TCF and RDR?

I’m completely stunned – please can someone tell me that I am reading this incorrectly?

 fund fees pension fund