Barn..you’re talking through it. When it was a mutual still , the whole of life policies and even some Super ( endowment?) paid so much commission as to take up the first two years of premiums.
If you had so called market linked Super then, you paid 5% commission up front, plus a very high exit fee. For quite a few years, you could only get a valuation weekly. If you wanted to withdraw, they would do it in their own time and when they chose( within reason..perhaps two weeks max). One could not try and time it to a strong market day yourself!
So don’t give me tosh about when it was a mutual...as though it was all good!
AMP Price at posting:
$2.33 Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)