I have been going through various pension plans; Talked to some representatives also. Here are some observations :
1. No Company/AGent/Broker is able to tell a single live example for cross checking whether all the claims about 50 to 100% returns are true or not. 2. The number of charges that are levied by the various Companies is substantial and there is no maximum limit prescribed for these charges. In a typical case, you will find that your principal gets eroded and you end with less than what you invested. 3. Most Agents push products which will earn their Company higher income in charges and commission for themselves rather than show products they have which will yield better returns. 4. Most of these pension plans will end up yielding you average returns of 4 to 5% only in the long term. With interest rates falling, this might be lower also.
5. I would like to be proved wrong in the above analysis
