Scale of Fees

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Products & Services, regulated by the Central Bank of Ireland.

These services are usually provided on a commission basis whereby HFS is paid 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.
Products & Services, regulated by the Central Bank of Ireland.

Insured Pensions Regular Contributions:
Personal & Executive Pensions Level Commission Model: Up to 5% of annual contribution.
Group Scheme Initial & Renewal Commission: Up to 25% of annual contribution.
Renewal commission of up to 5% may also apply.
PRSA Single Contributions: Up to 5% of contribution.
Fund Based Commission: Up to 0.5% may apply.
Other Insured Pensions

Annuity & Personal Retirement Bond

 

2% – 5% of amount invested plus fund based commission of up to 0.5% per annum may also apply.

Insured Approved Retirement Funds
& Approved (Minimum) Retirement Funds
2% – 5% of amount invested plus fund based commission of up to 0.5% per annum may also apply.
Protection Policies
Term Assurance, Mortgage Protection, Specified Illness, Income Protection,Group Risk Cover
Up to 162.2% of initial annual premium & annual renewal commission may also apply.

Group Risk Cover – between 6% and 12.5% of annual premium

Investment / Savings / Deposits

Insured Investment Bonds Structured Investment Products Regular Savings Plans

Deposits

 

2% – 5% of amount invested & annual fund based commission may also apply. Up to 5% of amount invested (usually built into product pricing structure.)
Up to 25% of the first year annual premium & annual renewal commission of up to 5% may also apply.

0.25% to 0.5% of deposit amount annually

Overall Financial Review €200-€500 per hour depending on complexity involved.

Please note that some life insurance companies may pay additional remuneration but this does not in any way affect the client’s contract. Please also note that these fees are valid as at 1st February 2017, and are subject to change without notice.

 

Products & Services, not regulated by the Central Bank of Ireland

Small Self Administered Pension Schemes (SSAPS) Set-Up Fee: €2,000.
Annual administration and appointment of Pensioneer Trustee €750 + 0.65% of fund, capped at €3,600. (Reviewable after 3 years)
Wind-Up Fee: Up to €2,000.
For complex schemes*, the following fees apply:
Set-up fee: up to €5000.
Annual administration €1000 + 0.65% of fund value, capped at €5000. (Reviewable after 3 years)
*Typically, complex schemes include non-standard investments or direct property investments.
Self Administered ARF /AMRF 1% of Fund value on set up and 1% per annum thereafter Wind Up Fee: Up to €3,000.
Self Administered Personal Retirement Bond 1% of Fund value on set up and 1% per annum thereafter Wind Up Fee: Up to €3,000.
Corporate Trustee Services

(provided by Harvest Trustees Limited, an associate company of HFS)

 

Annual Fee: Depends on pension scheme size but usually in the region of
€60 per member subject to minimum of €750 per scheme.

Pensions Advice & Reviews €200 – €500 per hour depending on complexity involved
Property Management 3 – 5% of Net Rent
Property Purchase and Sale Between €750- €2,000 + VAT (depending on complexity) Other property related fees will also apply.
Exempt Unit Trusts
(set-up and ongoing)
Up to 1% of Equity raised and up to 1% of Net Asset Value annually. Wind Up Fee: Up to €1,500.
AVC Withdrawal Charge €1250 + VAT for a standard case
Host Bank Account Our host bank accounts are Rabobank and PTSB. There is no charge for these banks. A charge of €750 per annum will apply for the use of any other Bank as host account.
Third-Party Investments A minimum fee of €750 will apply for vetting any Third-Party investment or discretionary fund manager which are not currently on the recommended list.

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