Best self directed pension

Friends First do have a contact with an AMC of 0.4% if you use ETFs/ Indexed funds. That contract has a whopping big policy fee of €120 a year.

Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
 
Whopping in comparison to what else is charged. The highest policy fee I've seen before that is €5 a month.

But agree, if you have a decent size fund, a monetary fee has a smaller effect than a percentage based fee.


Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
 
The policy fee adds 0.012% to the AMC on a €1m portfolio. That's fairly trivial in the grand scheme of things.
 
Sarenco said:
The policy fee adds 0.012% to the AMC on a €1m portfolio. That's fairly trivial in the grand scheme of things.
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True but when you're building that fund from nothing up to €1m then it is expensive. If you could start off somewhere cheaper and transfer into that friends first account when you have a decent sized portfolio then that would be ideal.
 
Connard said:
If you could start off somewhere cheaper and transfer into that friends first account when you have a decent sized portfolio then that would be ideal.
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Absolutely - assuming you can get a 100% allocation.

On that basis, by my calculations, the Friends First offering starts to look cheaper than the Davy offering once the portfolio reaches around €25k.
 
Sarenco said:
Absolutely - assuming you can get a 100% allocation.

On that basis, by my calculations, the Friends First offering starts to look cheaper than the Davy offering once the portfolio reaches around €25k.
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My calculations give a figure of €34,286. Davy is at .75% AMC whereas FF is a .4% AMC and €120. So, 120 has to be less than .35% of the fund value. 342.86 * .35 = 120.01.

So below €34,286 Davy is cheaper, over that FF is cheaper.
 
Connard said:
My calculations give a figure of €34,286. Davy is at .75% AMC whereas FF is a .4% AMC and €120. So, 120 has to be less than .35% of the fund value. 342.86 * .35 = 120.01.
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I think you need to add the weighted average TER of the underlying ETFs/funds to Davy's 0.75% wrapper cost - I assumed 0.15%.
 
Sarenco said:
I think you need to add the weighted average TER of the underlying ETFs/funds to Davy's 0.75% wrapper cost - I assumed 0.15%.
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Surely there is a cost for ETFs and funds with FF as well. If you get the same ETF through Davy and FF then wouldn't the cost be the same?
 
Connard said:
Surely there is a cost for ETFs and funds with FF as well. If you get the same ETF through Davy and FF then wouldn't the cost be the same?
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As I understand it (and perhaps Steven might be good enough to correct if I'm wrong), Friends First offer a self-directed investment option (through Cantor FitzGerald) for 75bps (or 50bps plus a policy fee of €120). So you would have to add the cost of the underlying ETFs to get to the total cost of that option.

Separately, Friends First offer a range of State Street index funds for 65bps (or 40bps plus a policy fee of €120) but there is no additional charge to access these funds.
 
I can't find anything on Friends First's broker site about the charging structures of their self directed options with Cantor. I see on the Cantor site, they also use Zurich as a wrapper.

On the Zurich site, the AMC is 1% for the self directed option.

I use Conexim for self directed pensions. They have teamed up with ITC to provide their wrapper. The base charge for a PRSA is 0.5%. A SSAS is 0.4%.


Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
 
Gordon Gekko said:
Steven,

That's good to know; not whopping in the context of a meaningful sized fund.

Gordon
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Anyone have link for Friends First 0.4% / 120e product? Cant seem to see it online, do you need a broker to access or can you ring them directly?
 
letitroll said:
Anyone have link for Friends First 0.4% / 120e product? Cant seem to see it online, do you need a broker to access or can you ring them directly?
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Sorry to dig up this thread again, but does anyone know how to access this product?
 
Sarenco said:
You could try ringing them but I'm pretty sure you would have to go through a broker.
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...or what usually happens is that you get the direct sales team, people who live off commissions and selling...



Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
 
SBarrett said:
...or what usually happens is that you get the direct sales team, people who live off commissions and selling...



Steven
http://www.bluewaterfp.ie (www.bluewaterfp.ie)
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Steven - are these self-directed options available as self-directed PRSA AVC’s? Or is the AVC piece a problem in the self directed space?

I’m specifically interested in a self-directed PRSA AVC which allows investing in specific company shares. If available what provider has the best options for this for a fund of c.50k & growing
 
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