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  1. M

    Cornmarket AVC

    I am aware that there are certs can be arranged for little or no cost in most cases. Group scheme funds are not all 1%. Again the Nurse has over 30k or so in the group AVC scheme so a cert is required to move it to a PRSA AVC. At retirement Cornmarket will in most cases move the client into...
  2. M

    Cornmarket AVC

    Read my post again. I said the AVC can be moved to a PRSA AVC. The poster has a Group AVC not a PRSA AVC through the Nurse group scheme adminsitered by CGFS. I said the AVC as in group AVC can be moved if under 10k with no Cert and above 10k with cert to PRSA AVC. Once its a PRSA AVC it is...
  3. M

    Cornmarket AVC

    Which part?
  4. M

    Cornmarket AVC

    Yes Flexibilty to choose a number of different companies with funds that may be alot better then those offered through Irishlife/cornmarket. Amc is are only one factor performance should be a big factor when comparing fund managers. With group avc schemes the client has no control of changes...
  5. M

    Cornmarket AVC

    Yes it is possible to move your AVC. If it is under 10k it can be moved to any PRSA AVC provider with no charges expect ongoing management fees levied by the new PRSA provider. Above 10k and a Actuarial comparsion report is need and is carried out by an actuary. This is then given to the...
  6. M

    Cornmarket AVC

    not in all cases
  7. M

    Cost of financial adviser

    Overall pay for good advise someone who is paid per hour or job of work to advise and is not motivated by a commission. Good advice is not free. Advisors dont manage funds they give advice. Management of funds is with the life company generally. Generally specialist funds overall dont out...
  8. M

    5% difference between Bid and Offer prices on Zurich Pension funds

    No not the same for all funds allocation rates vary depending on fund allocatiosn can vary alot you should be aiming for aleast 100% but more depending on management charges
  9. M

    Cornmarket AVC

    Avoid Cornmarket or any other Union based advisors like the plague for anything other the income protection unless you want poor performance high start up fees with high ongoing costs and products pushed on you you dont need. Make sure you even need an AVC you might not. Get a quote for...
  10. M

    Cost of financial adviser

    100-250 per hour consultation or a arranged amount for a job of work. Most fee based advisors have packages for annual advice which might make sense if your siutation is complex. Fund fees depends on life company used and fund choices but you shouldnt be paying anymore the .75% or less unless...
  11. M

    AVC's - do I need to go through Broker/Company

    You will have to use a Avc or PRSA AVC so you have to use a pension provider such as zurich or irish life but you dont have to use a broker. However unlesss you are 100% sure how to calculate your expected pension and lumpsum and what is the maximum you can fund for which can often be more...
  12. M

    AVCs better alternative to Cornmarket?

    Take out a PRSA AVC much better then the group schemes with Corn-market. Much lower and transparent charges Portable giving you access to a much wider selection of investment companies with no charges to move. Cornmarket are part of Irish life and nearly all of the group schemes are with...
  13. M

    Purchase an AVC

    No is the simple answer she doesn't earn enough. She should still do the avc up to her max tax free cash limit as she is short on her tax free lump-sum. Benefit is 20% relief less charges = gain at retirement providing it is affordable. Watch the contribution charges and ongoing management...
  14. M

    Exceeding lump sum limit on retirement

    Don't forget you can apply dynamisation to the best 3 consecutive years in the last 10 when working out the best average salary.
  15. M

    Notional Service Scheme-a few questions

    No they would provide an actuarial reduction to an NSP'S bought if you retire before your NRA . Also if they cut tax relief it will effect AVC'S and NSP'S equally.
  16. M

    Marsh are closing their Secured Performance Fund: contribs now to Safe Pension Fund

    Marsh service is brutal. You cant withdraw before you retire but you can stop your avc or transfer it out of the group scheme to a prsa avc this will give you full control of your money. mula
  17. M

    teachers AVC -who can provide AVC

    yes your free to shop around the union only recommends cornmarket . Just make sure who every gives you advice knows the teachers pension scheme inside out. mula
  18. M

    ARF or not ?

    this 5% goes do cornmarket if it was execution only there would be no 5% charge again the 3% is paid by zurich to cornmarket if it was execution only there would be no 3% as she has been advised to put this into an arf i am presuming she will have taken her max tax free cash from her avc? if so...
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