Friday October 23, 2020

SSIA charges the tip of the iceberg

It is a measure of how successful banks and insurance companies are at disguising the true costs of investing in their funds that readers were amazed by the disclosure in this newspaper last week that holders of equity-based Special Savings Incentive

28th January, 2006

It is a measure of how successful banks and insurance companies are at disguising the true costs of investing in their funds that readers were amazed by the disclosure in this newspaper last week that holders of equity-based Special Savings Incentive Accounts (SSIA) will be stung with bank charges of up to €1,800 over the five years that their accounts were open.

Our reporter revealed that holders of equity-based SSIAs will have paid banks and...

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