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General update: I've requested that the policy be closed. The company is being a bit vague, but it seems I might get reimbursed after all. The advisor was a bit upset! She said she took it "personally" and felt that "it's a missed opportunity" and was a bit short at the end of the phone...

So, following on from this thread where I narrowly escaped a high-fee, long-term, expensive managed pension plan, I've decided to go the ETF route. Some basics: I'm Irish but non-resident for tax purposes I live in Dubai I get paid in UAE dirhams, which is tied to the US dollar I plan...

Hi Brendan, The fact that it has lost 50% -- does that not make it a great time to buy more stocks now as it's essentially on sale? Also, how has the index fared since you made your post?

The thing is though, I didn't engage her to sell me anything. We had several lengthy meetings over several weeks. We approached her and had very frank discussions. I was also looking up loads of articles along the lines of "how to know when you're financial advisor is not on your side", and she...

Hi Steven, I've been properly educating myself since the first replies to this thread started coming through. I am so grateful for all of your advice. And yes, ETFs are looking like a no-brainer for me at this stage. I'm currently reading a kindle book by Andrew Hallam and it concurs and...

Thanks, thanks, and thanks again. Your post has emboldened me and given me a strategy from which to approach this issue. I've just drafted an email! Interestingly, this advisor is part of a small professional association that is separate from the firm where she is currently based. In the news...

Certainly - Aberdeen liquidity (USD) lux, which is a fund suitable for those with a balanced risk profile (apparently)

Hi Steven, She says it is structured as a life assurance policy to make it tax efficient. If in the case that one of us dies before the policy matures the second policyholder would receive 101% of the value upon a death claim. The 1% is what makes it a life assurance and tax efficient policy...

Thanks all. There is no cooling off period but when I rang RL 360, I was informed that they consider cancellation requests on a case by case basis. My concern now is the financial advisor. She has set up a life insurance policy for us (and that is a decent deal) plus an offshore account for us...

Wow, thanks for the analysis. Truth be told, my wife and I have already signed up for this but have only paid one installment of 1k (as we are in our first month of the policy). I would be more than happy to cut my losses and forfeit this sum at this point. I am very disappointed - my...

Hi All, I recently investigated starting a pension plan from Dubai. The proposed pension fund is with RL360, based in the Isle of Man. The proposed term is 24 years. - The key features including fees are here: http://www.rl360.com/generic/downloads/qu004.pdf - The brochure is here: [broken...

Nope :-( I'll call the department when they get back to work on Tuesday. Thanks for the help :-)

It may be that I have made 468 contributions between 2003 and 2012 as I worked in various jobs, albeit all quite low paying. But my last PRSI payment would have been in August 2012.

None at all.

I'm 31, Irish, and live in the middle east. I have contributed very small amounts to PRSI over the past 10 years, mainly from low-paying summer jobs while I was a student in Ireland. I plan to stay in the middle east for many years, but would like to be able to draw an Irish state pension...

Hi Jim, Thanks for the comments. What I really want is to generate wealth as carefully and prudently as possible. I have no preference for direct shares over ETFs: whatever is most effective is what I'll go for. When I hear of people having lost lots of money through non-property...

Done :-) See, this makes perfect sense to me, but it's also where my bewilderment begins. How do we invest in a pension? Who do we speak to - an advisor, a company, a bank - and how does it work? How do we identify what to invest in? Is it basically one type of several pension products that...

You know, I'm also lost on what to do. I'm newly married and we have a strong income stream at around 85k net per year. We're both in our early 30s, no kids, no debts, no assets. We really want to build some wealth for ourselves and work towards financial independence. Based on online...

She is not a European national.

My wife's mother is a dependent as I said above.