Old Mutual
Old mutual charging excessive unfair penalty on ra

I decided to transfer my retirement capital to another fund with lower capital costs and more transparency. But Old Mutual makes it impossible, they want to take 11.6% of my retirement money. What concerns me is that there is a 2% transfer cost for the fund 430 8178 - yet there is a 11.6% transfer cost for the fund 631 8644. This is why people do not save, should you save these vultures are the only ones to benefit.