As there are no cap on charges like with the standard prsa, is there a risk of the provider hiking the charges at any time with non-standard PRSA's? If we go through a economic crash etc.is there is nothing stopping them to increasing their charges to say another 5% or am I missing something? Thanks!
Hi, Im looking at starting a pension and have so far spoke with one pension provider, Irish Life who have a contribution fee of 5% & AMC of 1% for a standard PRSA. I've been doing a bit of research on non-standard prsa's with the likes of Davy's and it seems with their non-standard 'execution only' prsa has no contribution fee - 100% allocation , a 0.75% dealing charge plus a 1.75% services charge if I'm correct. I'm guessing they have a non-execution prsa as well but can't find charges for that. Obviously, the charges seem to be less with non-standard prsa's like davys etc.. Does anybody have one of these with Davy or another provider and would they recommend? As there are no cap on charges like with the standard prsa, is there a risk of the provider hiking the charges at any time with non-standard PRSA's? If we go through a economic crash etc.is there is nothing stopping them to increasing their charges to say another 5% or am I missing something? Thanks!
just curious how often are you actually actively managing your funds?
I only have a very basic knowledge of shares at present but I'm up for learning.
I'm curious is there an option to be a sort of 'lazy but safe investor' with the davy pension - i.e. invest in an ETF - S&P 500 and just leave your money in there long-term. Based on my research on the return from standard prsa's like irish life, zurich etc. it seems like this approach could provide better returns, especially considering there isn't the 5% contribution fee and a lower management fee?
Are you investing in any US shares as part of your PRSA by the way - are there extra fees for those do you know? Thanks again.
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