Thanks.ARF providers generally offer brokers a wide range of charging options for the broker to choose from, with differences in how much the broker is going to get paid. At €100,000 an annual charge of 0.4% to 0.75% is certainly achievable. Ongoing commission can be added if ongoing service is to be provided and is required by the client. Often this is added to the annual charge.
It's certainly worthwhile shopping around.
Regards,
Liam
www.ferga.com
Thanks.
Is there no requirement for the broker to disclose the fee they are getting from the ARF provider?
It appears that ARF providers are happy to work with brokers because pensioners don't shop around and the fee structure is opaque.
Can anyone suggest a low risk ARF fund with fees of 0.75% or less via direct sales?
Is there no requirement for the broker to disclose the fee they are getting from the ARF provider?
Can anyone suggest a low risk ARF fund with fees of 0.75% or less via direct sales?
This individual is incredibly risk averse and their advisor highlighted to them how they could lose lots of money on equities and played on their fears.Why would you ever invest in a “low risk ARF” if you have a defined benefit pension and you are only going to take the minimum income distributions, why not invest more in growth assets?
Your pension looks like a government bond from a risk perspective so logically loading up on equities makes perfect sense in this situation
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?