Davy or Standard life Corporate investment & Prsa

B

Bill90.

Registered User
Messages
114
Hi everyone

I want to set up a corporate investment account which will mirror my pension set up.

I want control of my investment and flexibility on payments in, not tied to a regular monthly payment (for now anyway)

I have my pension with Davy, Value 20k Vanguard etfs. It's a non standard execution only Prsa and I see they offer the same corporate account option which i like.

Since Davy fees went to 2% I was going to move to Standard Life. I can access the same vanguard fund with them.

I know 2% of 20k is small and it's 1% over 50k so I'm tempted to stay for a couple of reasons.

I can only access Standard life via a broker. I have a bare trust with SL though a broker and anytime I contact said broker it takes weeks / months to get anything done which is frustrating.

I'd like total control myself. If the company is doing well I can send more in / or not. Control of my cash flow.

So all things considered I'm wondering if I should have both accounts with SL or Davy? Is there much in the fees once you get over 50k in the account?

Or are there any better options?

Would appreciate any advice,

Thanks.
 
I also just remembered that Davy have a hefty fee to purchase an etf which isn't good if i want to make more regular payments / purchases
 
Bill90. said:
It seems a bit crazy that in 2025 we can't have a low cost app like trading 212 or similar to use for Pension and Corporate investment accounts.
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When you contacted Trading212 about this, what exactly did they say was the reason why they couldn't just slap up the choice of 7/8 pension products and a corporate investment account on their platform? Can't be that hard to do, can it? Or, it it possible that there are regulatory and compliance factors that platforms like these are wary of?

Bill90. said:
I'd like total control myself.
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Stick with Davy, I think you're more suited to their model.
 
ClubMan said:
What exactly do you mean by this?
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It goes something like this, where 1 = take money as salary 2 = leave fund in company, invest in life assurance investment bond and extract on sale of company and 3 = Pension

Changes to Life Assurance Exit Tax regime (and other taxes) in coming years will change this example.

Assumptions:
  • 15 year term.
  • 12.5% Corp Tax.
  • Exit tax on Corp. Inv. is 25%.
  • 33% CGT on liquidation.
  • Income tax,. USC & PRSI is 52%.
  • Exit tax on individually owned life policy – 41% assumed to apply at the end of the investment period only.

Gerard

www.bond.ie
 
Bill90. said:
I didn't think they were dealing with clients directly?
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You can set up policies either directly through them or through a broker. But once it's set up, there's no need to ask the broker to ask SL to service the policy
 
Fortune said:
You can set up policies either directly through them or through a broker.
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Are you 100% certain that they will entertain a corporate investment direct/execution only? My understanding was that they were just cherry picking a limited range of products ie. ones that didn't involve things like Trusts on savings plans etc.

They should really make up their minds about where they want to position themselves in the market so that brokers and customers understand what they offer.
 
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