Hi Guys, This is slightly of topic but would appreciate any guidance you can offer. When i started work in 2008, i was approached by a financial advisor to take out an RA. Still young and naive i took out a policy only knowing it would cost R500 a month and increase every year by 10% and be invested in an aggressive portfolio- That was the only things discussed. The policy is from Sanlam - Cobalt for professionals. Recently i started receiving quarterly statements from Sanlam with my contributions and the charges. in a quarter my RA contributions are around R3000. In addition to a plan charge of R38, i pay R880(vat inc) for a variable administration charge. This amount is calculated by taking the current fund amount *3.4% / 12 * 3(3 months for the quarter). So my contribution to the RA is actually 2200. My question - Is this normal? Any advice? Should i cancel? What are my options? My concern is when the fund grows to 2 or 3 mil and i will be paying fees on that.Feel like i was screwed over. Thanks in Advance!