Time to relook total expense ratios of funds in CPF Investment Scheme

THE Government's move to cut and eventually eliminate the sales charges on unit trusts and investment-linked insurance funds (ILPs) in the CPF Investment Scheme is long overdue. From October 1 this year, all funds in the CPFIS are to cap sales charges at 1.5 per cent. From October 2019, investors will pay no sales charges at all.

Wrap fees, which are an annual portfolio advisory fee, w…