These services are usually provided on a commission basis whereby Inverdea Financial Services Limited are remunerated directly by the product provider.
The scale of commission for the arrangement of products is listed below. These services may also be provided on a fee basis.
Pensions Group Scheme, Executive, Personal, PRSA.
Level Commission Model: Up to 5% of annual contribution
Initial & Renewal Commission Model: Up to 25% of annual contributions plus renewal commission of up to 5% may also apply. Single Contributions: Up to 5% of contribution
Fund based commission of up to 0.5% may apply
Overall Financial Review
€150 per hour depending on complexity involved
Annuity / Buy Out Bond
2%-5% of amount invested plus fund based commission of up to 0.5% p.a.
ARF / AMRF’s (Insured)
2%-5% of amount invested plus fund based commission of up to 0.5% (p.a.) may also apply
Group Pension Schemes
Individual consideration but broadly:
Initial Set Up Charge €2000 per scheme
Annual Maintenance: Annual Maintenance fee of €1,500 per annum index linked in line with CPI
This service can also be provided on a commission basis – see Scale of Commissions above.
Protection Term Assurance, Mortgage Protection, Specified Illness, Income Protection, Group Risk
Term Assurance , Mortgage Protection, Specified Illness &Income Protection:
Up to 162.2% of annual premium & annual renewal commission may also apply
Between 6% and 12.5% of annual premium
2% – 5% of amount invested & fund based commission (p.a.) may also apply
Regular Savings Plans
Up to 25% of initial annual premium & annual renewal commission of up to 5% may also apply
0.25% to 0.5% of deposit amount
Structured Investment Products
Up to 5% of amount invested (usually built into product pricing structure)
Please note that some life insurance companies may pay additional remuneration but this does not in any
way affect the clients’ contract.
These fee’s are as of June 2014