Well, they would get an establishment fee.Would it be attractive to a broker?
I’ve never really understood why brokers get an ongoing commission for essentially providing no meaningful ongoing service.
Well, they would get an establishment fee.Would it be attractive to a broker?
Well, they would get an establishment fee.
I’ve never really understood why brokers get an ongoing commission for essentially providing no meaningful ongoing service.
What you charge for the product you have been touting on this thread.What additional information?
So what’s the advisory fee?0.58% leaves room to pay an adviser to make sure you don't make any mistakes
We have no better information. That’s why. So <1.5%? Then 1.0%? Fair assumption?“In the absence of additional information, let’s assume that there is an additional 1.5% to 2.0% added to that 0.4%.”
Why would you make such an assumption. What additional information?
from an earlier post
At that level of contribution you will still be better off with an "unbundled" scheme without a life co.
Save up your first years contribution in the company and pay a lump sum at the end of the year to kick off the scheme then add annually to the plan at around €50kpa you will soon cover the minimum fee.
So you would be paying
0.40% for the pension wrapper
around 0.18% for investment funds (based on Vanguard Global Stock Index investor share class)
0.58% leaves room to pay an adviser to make sure you don't make any mistakes
But <1.5% pa unless I’m misreading.So what’s the advisory fee?
We know that it costs 0.70% to invest in a global stock index fund through your unbundled executive pension.
But we don’t know what you charge folks to access this product.
Without this information, we can only assume your fees are significant.
Thank you.Let’s make the assumption of the same ongoing advice cost of 0.25%pa
I took the 0.30% figure for a global stock index fund from the very useful Vanguard document that Marc linked to in his initial post -No. He said
around 0.18% for investment funds (based on Vanguard Global Stock Index investor share class).
Good stuff.The share class we purchase is actually 0.11%pa OCF
Scenarios | If you cash in after 1 year | If you cash in after 4 years | If you cash in after 7 years (Recommended Holding Period) |
Total Costs | €663.10 | €893.33 | €1,412.03 |
Impact On Return (RIY) Per Year | 6.63% | 2.05% | 1.68% |
One-off Costs | Entry Costs | 0.15% | The impact of the costs you pay when entering your investment. This includes the costs of distribution of your product. |
Exit Costs | 0.00% | The impact of the costs of exiting your investment when it matures. | |
Ongoing Costs | Portfolio Transaction Costs | -0.02% | The impact of the costs of us buying and selling underlying investments for the product. |
Other Ongoing Costs | 1.56% | The impact of the costs each year for managing your investments. | |
Incidental Costs | Performance Fees | 0.00% | The impact of performance fees. |
Carried Interests | 0.00% | The impact of carried interests. |