My name is
Fadil Elsheik. My wife and I had invested with
the above company USC for two years. For their
poor business conduct, bad customer services,
and inaccute yearly statements, we had decided
to switch our daughter's RESP plan to another
institution. therefore, they only transferd 23%
of our invested money, and they, BY LAW,
retained 77% of our daughter's education investment.
BE AWARE, THEY TAKE
MOST OF YOUR INITIAL DEPOSITS TO PAY OFF WHAT
THEY CALL
ENROLLMENT
FEES
.
USC Fees Structure ( from
their 47 pages booklet)
-
Enrolment
Fess: $100 per unit. (collected prior to any
investment) - Insurance
Premiums:
$20.00
- Depository
Fees:
$10/yr (monthlyDeposit
Method)
- Administration
fees: 1% /yr (applied on CESGs and
Principal)
Other
Special Process Fees:
-
Assignment
of
Principal
$20
- NSF Cheque/Stop
Payment
$10
- Change of
Nominee
$20
- Replacement Cheque
(Subscriber caused) $10
- Conversion of Deposit
Method
$20
- Pre-Maturity of
Plan:
$10
- Temporary
Suspension
$20
