A common provision built into savings-plan contracts in particular, according to which a good portion of the first monthly savings installments (promotion rates) – up to ninety percent – is used to cover the costs of concluding the contract. Some capital management companies also booked such high deductions despite the prohibition in § 125 InvG. – Given the intertwined legal relationships in this area, the supervisory authorities often have their hands tied in enforcing zillmerization of costs. – See cost transparency, early termination compensation, zillmerization. – Cf. BaFin Annual Report 2009, p. 168 f. (important ruling on prepayment of costs).
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/
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