Best self directed pension

Whopping in comparison to what else is charged. The highest policy fee I've seen before that is €5 a month.

But agree, if you have a decent size fund, a monetary fee has a smaller effect than a percentage based fee.


Steven
www.bluewaterfp.ie
 
The policy fee adds 0.012% to the AMC on a €1m portfolio. That's fairly trivial in the grand scheme of things.
 
The policy fee adds 0.012% to the AMC on a €1m portfolio. That's fairly trivial in the grand scheme of things.
True but when you're building that fund from nothing up to €1m then it is expensive. If you could start off somewhere cheaper and transfer into that friends first account when you have a decent sized portfolio then that would be ideal.
 
If you could start off somewhere cheaper and transfer into that friends first account when you have a decent sized portfolio then that would be ideal.

Absolutely - assuming you can get a 100% allocation.

On that basis, by my calculations, the Friends First offering starts to look cheaper than the Davy offering once the portfolio reaches around €25k.
 
Absolutely - assuming you can get a 100% allocation.

On that basis, by my calculations, the Friends First offering starts to look cheaper than the Davy offering once the portfolio reaches around €25k.

My calculations give a figure of €34,286. Davy is at .75% AMC whereas FF is a .4% AMC and €120. So, 120 has to be less than .35% of the fund value. 342.86 * .35 = 120.01.

So below €34,286 Davy is cheaper, over that FF is cheaper.
 
My calculations give a figure of €34,286. Davy is at .75% AMC whereas FF is a .4% AMC and €120. So, 120 has to be less than .35% of the fund value. 342.86 * .35 = 120.01.

I think you need to add the weighted average TER of the underlying ETFs/funds to Davy's 0.75% wrapper cost - I assumed 0.15%.
 
I think you need to add the weighted average TER of the underlying ETFs/funds to Davy's 0.75% wrapper cost - I assumed 0.15%.

Surely there is a cost for ETFs and funds with FF as well. If you get the same ETF through Davy and FF then wouldn't the cost be the same?
 
Surely there is a cost for ETFs and funds with FF as well. If you get the same ETF through Davy and FF then wouldn't the cost be the same?

As I understand it (and perhaps Steven might be good enough to correct if I'm wrong), Friends First offer a self-directed investment option (through Cantor FitzGerald) for 75bps (or 50bps plus a policy fee of €120). So you would have to add the cost of the underlying ETFs to get to the total cost of that option.

Separately, Friends First offer a range of State Street index funds for 65bps (or 40bps plus a policy fee of €120) but there is no additional charge to access these funds.
 
I can't find anything on Friends First's broker site about the charging structures of their self directed options with Cantor. I see on the Cantor site, they also use Zurich as a wrapper.

On the Zurich site, the AMC is 1% for the self directed option.

I use Conexim for self directed pensions. They have teamed up with ITC to provide their wrapper. The base charge for a PRSA is 0.5%. A SSAS is 0.4%.


Steven
www.bluewaterfp.ie
 
Steven,

That's good to know; not whopping in the context of a meaningful sized fund.

Gordon

Anyone have link for Friends First 0.4% / 120e product? Cant seem to see it online, do you need a broker to access or can you ring them directly?
 
Anyone have link for Friends First 0.4% / 120e product? Cant seem to see it online, do you need a broker to access or can you ring them directly?

Sorry to dig up this thread again, but does anyone know how to access this product?
 
...or what usually happens is that you get the direct sales team, people who live off commissions and selling...



Steven
www.bluewaterfp.ie

Steven - are these self-directed options available as self-directed PRSA AVC’s? Or is the AVC piece a problem in the self directed space?

I’m specifically interested in a self-directed PRSA AVC which allows investing in specific company shares. If available what provider has the best options for this for a fund of c.50k & growing
 
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