Is it correct that with a private pension insurance policy, approximately €16 in acquisition and distribution costs and €30 in administration costs are deducted each year?
The pension insurance has existed since the end of 2006. For many years I have only been paying capital-forming benefits amounting to €27. This year I paid €319.08 in contributions, had €292 in returns, but paid €16.92 in acquisition and distribution costs, plus €29.39 in administration. How can fees for acquisition and distribution be justified…