Terms of Business –Effective from May 2016.

Remuneration Charges Effective 31st March 2020.

Neville & Partners Limited t/a Neville & Partners & itsyourmoney.

These Terms of Business set out the general terms under which our firm will provide business services to you and the respective duties and responsibilities of both the firm and you in relation to such services. Please ensure that you read these terms thoroughly and if you have any queries we will be happy to clarify them. If any material changes are made to these terms we will notify you.

 

Authorisation with the Central Bank of Ireland

Neville & Partners Limited t/a Neville & Partners & itsyourmoney (C2032) is regulated by the Central Bank of Ireland as an insurance intermediary registered under the European Communities (Insurance Mediation) Regulations, 2005; as an Investment Intermediary authorised under the Investment Intermediaries Act, 1995 and as a Mortgage Intermediary authorised under the Consumer Credit Act, 1995 and as a Mortgage Credit Intermediary under the European Union (Consumer Mortgage Credit Agreements) Regulations 2016. Copies of our regulatory authorisations are available on request. The Central Bank of Ireland holds registers of regulated firms. You may contact the Central Bank of Ireland on 1890 777 777 or alternatively visit their website at www.centralbank.ie to verify our credentials.

Codes of Conduct

Neville & Partners Limited is subject to the Consumer Protection Code, Minimum Competency Code and Fitness & Probity Standards which offer protection to consumers. These Codes can be found on the Central Bank’s website www.centralbank.ie

Our Services

Neville & Partners Limited is a member of the Professional Insurance Brokers Association (PIBA). As a member of PIBA we must be in a position to place insurance with at least five providers of the relevant form (life, pension and investment) and therefore can generally give consumers greater choice than agents and tied agents.

Our principal business is to provide advice and arrange transactions on behalf of clients in relation to life, investments & pensions and mortgages. A full list of insurers, product producers and lending agencies with which we deal is available on request.

Neville & Partners Limited acts as an Independent Broker which means that:

  1. a) the principal regulated activities of the firm are provided on the basis of a fair analysis of the market; and
  2. b) you have the option to pay in full for our services by means of a fee.

Fair Analysis

The concept of fair analysis is derived from the Insurance Mediation Directive. It describes the extent of the choice of products and providers offered by an intermediary within a particular category of life assurance, general insurance, mortgages, and/ or a specialist area. The number of contracts and providers considered must be sufficiently large to enable an intermediary to recommend a product that would be adequate to meet a client’s needs.

The number of providers that constitutes ‘sufficiently large’ will vary depending on the number of providers operating in the market for a particular product or service and their relative importance in and share of that market. The extent of fair analysis must be such that could be reasonably expected of a professional conducting business, taking into account the accessibility of information and product placement to intermediaries and the cost of the search.

In order to ensure that the number of contracts and providers is sufficiently large to constitute a fair analysis of the market, we will consider the following criteria:

  • the needs of the customer,
  • the size of the customer order,
  • the number of providers in the market that deal with brokers,
  • the market share of each of those providers,
  • the number of relevant products available from each provider,
  • the availability of information about the products,
  • the quality of the product and service provided by the provider,
  • cost, and
  • any other relevant consideration.

Life & Pensions & Investments

Neville & Partners Limited provides life assurance, Invetment and pensions on a fair analysis basis i.e. providing services on the basis of a sufficiently large number of contracts and product producers available on the market to enable us to make a recommendation, in accordance with professional criteria, regarding which contract would be adequate to meet the your needs.

We will provide assistance to you for any queries you may have in relation to the policies or in the event of a claim during the life of the policies and we will explain to you the various restrictions, conditions and exclusions attached to your policy. However, it is your responsibility to read the policy documents, literature and brochures to ensure that you understand the nature of the policy cover; particularly in relation to PHI and serious illness policies.

Specifically on the subject of permanent health insurance policies it is our policy to explain to you a) the meaning of disability as defined in the policy; b) the benefits available under the policy; c) the general exclusions that apply to the policy; and d) the reductions applied to the benefit where there are disability payments from other sources.

For a serious illness policy, we will explain clearly to you the restrictions, conditions and general exclusions that attach to that policy.

Deposits

Neville & Partners Limited provides deposit advice on a limited analysis basis. We provide advice on the following product provider: Permanent TSB

Mortgages

Through the lenders or other undertakings with which we hold an agency, Neville & Partners Limited can provide advice on and arrange mortgage products from the following range: fixed-rate loans, variable rate mortgages, capital & interest mortgages, interest only mortgages, endowment mortgages, pension mortgages and residential investment property.

Neville & Partners Limited provides mortgage advice on a fair analysis basis (providing services on the basis of a sufficiently large number of contracts and product producers available on the market to enable the firm to make a recommendation, in accordance with professional criteria, regarding which contract would be adequate to meet your needs).

We will need to collect sufficient information from you before we can offer any advice on housing loans. This is due to the fact that a key issue in relation to mortgage advice is affordability. Such information should be produced promptly upon our request.

Disclosure of Information

Any failure to disclose material information may invalidate your claim and render your policy void.

Neville & Partners Limited May be remunerated by commission and other payments from product producers or lenders on the completion of business. You may choose to pay in full for our services by means of a fee. Where we receive recurring commission, this forms part of the remuneration for initial advice provided. We reserve the right to charge additional fees if the number of hours relating to on-going advice/assistance exceeds four hours.

In certain circumstances, it will be necessary to charge a fee for services provided. These are listed below for life, pensions & investments, and Standard PRSAs. In other circumstances where fees are chargeable or where you choose to pay in full for our service by fee, we will notify you in writing in advance and agree the scale of fees to be charged if different from fees outlined below.

If we receive commission from a product provider, this may be offset against the fee which we will charge you. Where the commission is greater than the fee due, the commission may become the amount payable to the firm unless an arrangement to the contrary is made. 

Life, Pensions & Investment Fees

You may elect to deal with us on a fee basis.

Principles / Directors       €200.00 hourly plus vat where relevant.

Additional fees may be payable for complex cases or to reflect value, specialist skills or urgency, our scale of fees for such cases range from a minimum of €200.00 per hour to a maximum of €400 per hour. We will notify you in advance and agree the scale of fees to be charged.

Personal Retirement Savings Accounts (PRSAs) – Fees

Where advice is requested for PRSAs, the following hourly fees will apply:

Advisor fees:   €150 – €200 per hour.

Support staff: €75 – €150 per hour.

Additional fees may be payable for complex cases or to reflect value, specialist skills or urgency. We will notify you in advance of providing you with these services, our scale of fees for such cases range from a minimum of €200 per hour to a maximum of €400 per hour. If we receive commission from a product provider, this will be offset against the fee which we will charge you. Where the commission is greater than the fee due, the commission will become the amount payable to the intermediary unless an arrangement to the contrary is made.

Mortgages

We may receive up to 1% (or whatever maximum is applicable) of the loan for arranging mortgage finance. This commission is paid by the mortgage lender. The actual amount of commission will be disclosed at a later stage in the ESIS (European Standardised Information Sheet) which will be forwarded to you. Information on the variation in levels of commission payable by the different creditors providing credit agreements being offered are available on request.

We charge a fee of €700 for advising on a mortgage application, this fee is non-refundable. This is not in any way an indication of mortgage/loan approval. Our fee will be notified to the lender who will include this fee into the calculation of the APRC (Annual Percentage Rate Charge).

Please note that lenders may charge specific fees in certain circumstances and if this applies, these fees will be specified in your Loan Offer. You have the right to pay a fee separately and not include it in the loan. Typically, this situation arises in relation to specialist lending.

If we provide mortgage advice and obtain a Loan Offer for you and you subsequently do not proceed with your mortgage application through our firm, we will charge you an arrangement fee of €300.00 for our services in addition to the application fee.

Regular Reviews

It is in your best interests that you review, on a regular basis, the products which we have arranged for you. As your circumstances change, your needs will change. You must advise us of those changes and request a review of the relevant policy so that we can ensure that you are provided with up to date advice and products best suited to your needs. Failure to contact us in relation to changes in your circumstances or failure to request a review, may result in you having insufficient insurance cover and/or inappropriate investments.

Conflicts of interest

It is the policy of our firm to avoid conflicts of interest in providing services to you. However, where an unavoidable conflict of interest arises we will advise you of this in writing before providing you with any service.

Default on payments by clients

Our firm will exercise its legal rights to receive payments due to it from clients (fees and insurance premiums) for services provided. In particular, without limitation of the generality of the foregoing, the firm will seek reimbursement for all payments made to insurers on behalf of clients where the firm has acted in good faith in renewing a policy of insurance for the client.

Product producers may withdraw benefits or cover in the event of default on payments due under policies of insurance or other products arranged for you. We would refer you to policy documents or product terms for the details of such provisions.

Mortgage lenders may seek early repayment of a loan and interest if you default on your repayments. Your home is at risk if you do not maintain your agreed repayments.

Complaints

Whilst we are happy to receive verbal complaints, it would be preferable that any complaints are made, in writing. We will acknowledge your complaint within 5 business days and we will fully investigate it. We shall investigate the complaint as swiftly as possible, and, the complainant will receive an update on the complaint at intervals of not greater than 20 business days starting from the date on which the complaint is made. On completion of our investigation, we will provide you with a written report of the outcome. In the event that you are still dissatisfied with our handling of or response to your complaint, you are entitled to refer the matter to the Financial Services Ombudsman or the Pensions Ombudsman. A full copy of our complaints procedure is available on request.

Data Protection

Neville & Partners Limited complies with the requirements of the Data Protection Acts, 1988 and 2003.

The data which you provide to us will be held on a computer database and paper files for the purpose of arranging transactions on your behalf. The data will be processed only in ways compatible with the purposes for which it was given. We would also like to keep you informed of mortgage, insurance, investment and any other services provided by us or associated companies with which we have a formal business arrangement; which we think may be of interest to you. We would like to contact you by way of letter, email or telephone call. If you do not wish to receive such marketing information please tick the box in the Terms of Business acknowledgement letter.

We may receive referrals from such firms and may advise them of any transactions arranged for you.

Compensation Scheme

We are members of the Investor Compensation Scheme operated by the Investor Compensation Company Ltd. See below for details.

Investor Compensation Scheme

The Investor Compensation Act, 1998 provides for the establishment of a compensation scheme and the payment, in certain circumstances, of compensation to certain clients (known as eligible investors) of authorised investment firms, as defined in that Act.

The Investor Compensation Company Ltd. (ICCL) was established under the 1998 Act to operate such a compensation scheme and our firm is a member of this scheme.

Compensation may be payable where money or investment instruments owed or belonging to clients and held, administered or managed by the firm cannot be returned to those clients for the time being and where there is no reasonably foreseeable opportunity of the firm being able to do so.

A right to compensation will arise only:

  • If the client is an eligible investor as defined in the Act; and
  • If it transpires that the firm is not in a position to return client money or investment instruments owned or belonging to the clients of the firm; and
  • To the extent that the client’s loss is recognised for the purposes of the Act.

Where an entitlement to compensation is established, the compensation payable will be the lesser of:

  • 90% of the amount of the client’s loss which is recognised for the purposes of the Investor Compensation Act, 1998; or
  • Compensation of up to €20,000.

For further information, contact the Investor Compensation Company Ltd. at (01) 224 4955.

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Our Charges

We, Neville & Partners Limited t/a Neville & Partners & It’s your money; act as intermediary (Broker) between you, the consumer, and the product provider with whom we place your business.

The background

Pursuant to provision 4.58A of the Central Bank of Ireland’s September 2019 Addendum to the Consumer Protection Code, all intermediaries, must make available in their public offices, or on their website if they have one, a summary of the details of all arrangements for any fee, commission, other reward or remuneration provided to the intermediary which it has agreed with its product producers.

How we are paid for the professional knowledge & expertise we provide to you, our client.

 

Financial Services: Investment Intermediary and Insurance Intermediary

We will be remunerated for the financial services we provide to you in a number of ways:

 

  • By commission, fee, and other types of remuneration earned from Insurers and Product Producers to whom orders are transmitted.
  • This payment is earned by us for the work we undertake on behalf of the Insurer and/or Product Producer andby you our client as we offer advice and facilitate transactions on your behalf with the Insurers and Product Producers

What is Commission?

  • Commission is the payment which may be earned by us for the work we undertake on behalf of the Insurer and/or Product Producer andby you our client as we offer advice and facilitate transactions on your behalf with the Insurers and Product Producers. Commission is usually paid as a percentage of the premium paid or amount invested.

Types of Commission Payments 

 

Name of Commission Payment

 

Description of Commission Payment 
Single Commission Payment      payment is based on a percentage of the premium paid/amount invested.
Initial Commission Payment      payment is based on a percentage of the premium paid/amount invested.
Trail Commission Payment      payment is based on a percentage of the underlying value of the investment.
Renewal Commission Payment      payment is made at intervals throughout the term of the policy or product, usually a      percentage of the premium paid.
Indemnity Commission Payment      payment is made before the commission is deemed to be earned, so in advance. Indemnity      commission may be subject to a clawback* (obligation to repay unearned commission previously paid) should a client lapses or cancels the product before the commission is deemed to be earned.

 

How might the various forms of Commission apply to the different products? 

 

Life Assurance Company: Life Assurance, Investments and Pension Products

  • For Life Assurance products commission is divided into initial commission and renewal commission (related to premium), fund based or trail (relating to accumulated fund).
  • Trail commission, bullet commission, fund based, flat commission or renewal commission are all terms used for ongoing payments. Where an investment fund is being built up though an insurance-based investment product or a pension product, the increments may be based on a percentage of the value of the fund or the annual premium. For a single premium/lump sum product, the increment is generally based on the value of the fund.
  • Life Assurance products fall into either individual or group protection policies and Investment/Pension products would be either single or regular contribution policies.  Examples of products include Life Protection, Regular Premium Life Assurance Investments, Single Premium (lump sum) Insurance-based Investments, and Single Premium Pensions.

Product Producer: Investments and Pension Products  

  • Investment firms, which fall within the scope of the European Communities (Markets in Financial Instruments) Regulations 2007 (the MiFID Regulations), offer both standard commission and commission models involving initial and trail commission. Increments may be based on a percentage of the investment management fees, or on the value of the fund.

*Clawback

Clawback is an obligation on the intermediary to repay unearned commission. Commission can be paid directly after a contract is concluded but is not deemed to be ‘earned’ until after a specified period of time. If the consumer cancels or withdraws from the financial product within the specified time, the intermediary must return commission to the product producer.

Please Note

The enclosed commission guidance section gives indicative values across every product provider and every product advised whereby a commission or fee is received within our business. This is the maximum our Brokerage will take and is subject to change, in certain cases our Brokerage may take a different remuneration than the enclosed percentages/amounts. This will be disclosed to each client as per the Central Bank Consumer Protection Code regulations, on a client by client basis.

 

 

What is a Fee?   

  • A fee is a payment for professional services and expertise.
  • A fee can be paid by our client directly for the professional services we provide.  The amount of any fee will be discussed and agreed, with our client, in advance of all transactions

and/or

  • Our Clients have the option to pay for the professional services we provide by way of a combination of commission and fees which we will discuss and agree in advance of all transactions.

 

An example of our fee structure;

 A Personal Financial Planning service could look like this but will be based on your individual needs: 

  • Initial meeting, We incur this cost to help you understand how we work. It is also an opportunity for us to ensure that we can provide you with benefits greater than the cost.
  • Financial planning recommendations, normally a pre-arranged fixed fee based on your personal requirements ranging from, for example, €1,250 to €3,500.
  • An implementation fee of between €1,500 & €5,000 dependent on complexity and size of your portfolio.
  • Annual service fee of 0.5% – 1% based on the value of your assets under our control.
  • If we receive commission from a product provider this may be deducted from our fee.

 

Other types of payment/remuneration 

  • We may earn a non-monetary benefit which we will only accept if it enhances the quality of our service to you our client. For example: It is important for us to keep up to date with available products and services which require attendance at a seminar. We may be offered  assistance with branding, IT support etc.
  • Other forms of indemnity commission are advances of commission for future sales granted to intermediaries in order to assist with set up costs or business development.

Further detail on the providers we work with, the products we sell and the maximum commissions available to us are outlined below.

Aviva Life & Pensions Ireland DAC

Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Term Protection 150% 25% 100% 100%

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Specified 150% 25% 100% 100%

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Savings 5% 1% 3% 1% 5% 4% 3% 2%

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRSA 5% 1% 5% 1% 5% 3% 2% 1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Fund Based % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRB 5% 1% 1% 5% 4% 3% 2%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Mortgage Protection 150% 25% 100% 100%

Income Protection

An Income Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Income Protection 200% 10% 100% 100%

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 5% 1% 1% 5% 4% 3% 2%

Blackbee

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 3% 1% 1%

BCP

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 3% 0.5%

Davy Select

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRSA 0.5%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Fund Based % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRB 3% 1% 1%

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 3% 1% 1%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Fund Based % Trail % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
ARF 3% 1% 1%

Friends First

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Savings 5% 1% 4% 1% 5% 4% 3% 2%

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRSA 5% 1% 5% 1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Fund Based % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRB 5% 1% 1% 5% 4% 3% 2%

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 5% 1% 1% 5% 4% 3% 2%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Fund Based % Trail % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
ARF 5% 1% 1% 5% 4% 3% 2%

Goldcore

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 3% 1% 1%

Greenman

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 2.5% 0.5%

Independent Trustee Company

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRSA 0.5%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Fund Based % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRB 3% 1% 1%

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 3% 1% 1%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Fund Based % Trail % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
ARF 3% 1% 1%

Investec

Irish Life Assurance plc

Whole of Life Protection

The Whole of Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Whole of Life 100% 0.15% 100% 100% 100% 100% 100%

Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Term Protection 100% 0.15% 100% 100% 100% 100% 100%

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Specified 100% 0.15% 100% 100% 100% 100% 100%

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Savings 5% 1% 16.5% 1% 5% 4% 3% 2%

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRSA 5% 1% 5% 1% 5% 3% 2% 1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Fund Based % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRB 5% 1% 1% 5% 4% 3% 2%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Mortgage Protection 100% 0.15% 100% 100% 100% 100% 100%

Income Protection

An Income Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Income Protection 120% 0.06% 100% 100%

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 5% 1% 1% 5% 4% 3% 2%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Fund Based % Trail % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
ARF 5% 1% 1% 5% 4% 3% 2%

NewCourt

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRSA 3% 1% 1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Fund Based % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRB
PRB 3% 1% 1% 5% 4% 3% 2%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Fund Based % Trail % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
ARF 3% 1% 1%-

New Ireland Assurance Company plc

Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Term Protection 225% 50% 100% 100%

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Specified 225% 50% 100% 100%

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Savings 5% 1% 1% 5% 4% 3% 2%

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRSA 5% 1% 5% 1% 5% 5% 3% 1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Fund Based % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRB 5% 1% 1% 5% 4% 3% 2%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Mortgage Protection 225% 50% 100% 100%

Income Protection

An Income Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Income Protection 225% 50% 100% 100%

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 5% 1% 2.5% 1% 5% 5% 5% 2%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Fund Based % Trail % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
ARF 5% 1% 1% 5% 5% 5% 2%

PTSB

Deposits

Product Initial %
Deposits 0.2%

Quilter Cheviot

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Fund Based % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRB 3% 1% 1%

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 3% 1% 1%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Fund Based % Trail % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
ARF 3% 1% 1%

Royal London Insurance DAC

Whole of Life Protection

The Whole of Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Whole of Life 200% 36% 100% 100% 100% 100% 100%

Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Term Protection 200% 36% 100% 100% 100% 100% 100%

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Specified 200% 36% 100% 100% 100% 100% 100%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Mortgage Protection 200% 36% 100% 100% 100% 100% 100%

Income Protection

An Income Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Income Protection 200% 60% 100% 100% 100% 100% 100%

Standard Life International dac

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Savings 5% 1% 1% 1% 5% 4% 3% 2%

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRSA 5% 1% 5% 1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Fund Based % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRB 5% 1% 1% 5% 5% 5% 2%

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 5% 1% 0.25% 1% 5% 5% 5% 2%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Fund Based % Trail % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
ARF 5% 1% 1% 5% 5% 5% 2%

Wealth Options

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRSA 0.5%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Fund Based % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRB 3% 1% 1%

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 3% 1% 1%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product Initial % Fund Based % Trail % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
ARF 3% 1% 1%

Zurich Life

Whole of Life Protection

The Whole of Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Whole of Life 90% 18% 100% 100%

Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Term Protection 100% 12% 100% 100%

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Specified 100% 12% 100% 100%

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Savings 10% 0.005% 1% 5% 3% 2% 1%

 

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRSA 5% 1% 5% 1% 5% 5% 3% 1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Fund Based % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
PRB 5% 1% 1% 5% 4% 3% 2%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Renewal % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4 Clawback Yr. 5
Mortgage Protection 140% 40% 100% 100%

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Trail % Renewal % Fund Based % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
Investments 5% 1% 0.5% 1% 5% 4% 3% 2%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product Initial % Fund Based % Trail % Clawback Yr. 1 Clawback Yr. 2 Clawback Yr. 3 Clawback Yr. 4
ARF 5% 1% 1% 5% 4% 3% 2%

Disclaimer

 

Neville & Partners Limited t/a Neville & Partners & It’s your money is regulated by the Central Bank of Ireland.

 

All content provided in these blog posts is intended for information purposes only and should not be interpreted as financial advice. You should always engage the services of a fully qualified independent financial adviser before entering any financial contract. Neville & Partners Limited t/a Neville & Partners & It’s your money will not be held responsible for any actions taken as a result of reading these blog posts.