I am self employed (own ltd company) and have a PRSA with new Ireland with annual charges of 1-1.25% depending on the fund. I have found new Ireland extremely slow and difficult to deal with over the last while, for example the internal transfer of a previous executive pension to prsa still hasn't been completed 7 months after signing the forms.
I am now in the position where I am looking to increase my contributions and am wondering whether to increase the contribution to this policy or to set up another policy, likely an execution only one with Zurich. Currently i am leaning towards the idea of setting up the second policy and putting any additional contributions in here
My query is really are there any major advantages or disadvantages to this approach?
I am now in the position where I am looking to increase my contributions and am wondering whether to increase the contribution to this policy or to set up another policy, likely an execution only one with Zurich. Currently i am leaning towards the idea of setting up the second policy and putting any additional contributions in here
My query is really are there any major advantages or disadvantages to this approach?