Disliked{quote} You raise some excellent questions in ur email to KPMG and i hope they answer you and that you post it here as i would be very intrested in what they reply. On the other hand, $99.3million are designated client money or trust accounts. The costs that will be deducted from client pool is in excess of 2mil($3.1mil). This is 3.12% of the total pool, which means clients will get back 96.88% of their funds. Lets say that creditors pays 25% of the fees and clients pay 75% as you suggest. 0.75*$3.1mil=$2.325mil out of $99.3mil which means 2.34%...Ignored
a) we should only be charged what really belongs to us
b) we should split the fees where there is overlap (what overlap do you see for something like "health & safety"?
c) we only know the cost until now
Finally, if cost is applied correctly, I would guess that there is maybe a charge for us ove about 500K, and that's only if we don't split the "communications" part. Else, we probably look at 2Mio up until now, and probably 4 Mio + when all is done. So we might be looking at closer to $6Mio in cost, or roughly 6% of my funds. So the difference might be a lot. For my account, this translates into $8000 which I could get more than otherwise.