Group Pension Schemes
Corporate Trustee Service
Individual consideration but broadly:
Full financial plan package:€500-€6500 based on the complexity of the case. This will be advised to the customer in the terms of business
Annual Maintenance: Maintenance fee of €1,500 per annum indexing in line with CPI plus servicing fee of up to €75 per member per annum.
Fund based commissions: 0 – 0.75% per annum.
This service can also be provided on a commission basis – see Scale of Commissions below.
Annual Fee: Depends on pension scheme size, but usually in the region of €100 plus up to €50 per member per annum.
Small Self-Administered Pension Schemes (SSAPS)
SSAPS Set-Up Fee: €2,000.
The annual maintenance fee above may be increased where the SSAPS invests in direct property.
Pensions Advice & Reviews: €200 – €250 per hour depending on complexity involved.
Overall Financial Review: €200 – €250 per hour depending on complexity involved.
Corporate Advisory Fees: are negotiated on a case by case basis but broadly €200 – €250 per hour.
Scale of Commissions
Pensions – Group Scheme, Executive, Personal, PRSA Regular Contributions:
Level Commission Model: Up to 5% of annual contribution.
Initial & Renewal Commission Model: Up to 25% of annual contribution and annual renewal & commission of up to 5% may also apply.
Fund Based Commission: Up to 1% per annum.
Single Contributions: Up to 5% of contribution.
Fund Based Commission: Up to 1% per annum.
Buy out Bond/Approved Retirement Fund (ARF)/Approved Minimum Retirement Fund (AMRF):
Initial Commission: 2% – 5% of amount invested.
Fund based commission: Up to 1% per annum.
Protection: Term Assurance, Mortgage Protection, Specified Illness, Income Protection – up to 225% of annual premium & annual renewal commission may also apply.
Group Risk: Between 6% and 12.5% of annual premium.
Investment Bonds: 2% – 3% of amount invested & annual renewal commission may also apply.
Fund Based Commission: Up to 1% per annum.
Regular Savings Plan: Up to 25% of annual premium & annual renewal commission of up to 5% may also apply.
Fund Based Commission: Up to 1% per annum.
Structured Investment Products: Up to 5% of amount invested (usually built into product pricing structure).
Fund Based Commission: Up to 1% per annum.
Residential Mortgages & Re-mortgaging: 0.75% – 1% of loan amount.
Minimum fee: €1,000 – Balance payable by client.
*Please note that some life insurance companies may pay additional remuneration, but this does not in any way affect the client’s contract.