Global top tech 100 zurich

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Docmess

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Hi
I started my avc recently and during research phase thought about zurich global top tech 100 reasonable. how do u feel about 100% contribution & 1.25% management fee pa

background - make 150k pa
company pension 5% mine + 5% employer
age 35
 
1.25% management fee pa would be on the high side. Shopping around would get you .75% pa on a Zurich PRSA. This would be on an execution only basis though which may not suit you if you feel you need ongoing financial advice.
 
I tried shopping around as much as I could but most quoted >1.25%
any recommended brokers ?
 
We won't be paying it.

You don't want/need advice?

You definitely want to buy a Non-Standard PRSA? Or, you've been advised (already) to go the Non-Standard PRSA route?

You're choosing this one single fund because?

You'll probably struggle to get 0.75% on that single fund as there are Other Ongoing Costs of 0.20% on that fund that can't be applied to a PRSA but can be to a MT, Personal Pension or Occupstional Pension Scheme. Therefore margins to provider is under the base AMC.
 
Docmess said:
Hi
I started my avc recently and during research phase thought about zurich global top tech 100 reasonable. how do u feel about 100% contribution & 1.25% management fee pa

background - make 150k pa
company pension 5% mine + 5% employer
age 35
Click to expand...
Are the company setting up the pension or you? Can you Increase the 5 percent? What level will the company match to?
 
GSheehy said:
We won't be paying it.

You don't want/need advice?

You definitely want to buy a Non-Standard PRSA? Or, you've been advised (already) to go the Non-Standard PRSA route?

You're choosing this one single fund because?

You'll probably struggle to get 0.75% on that single fund as there are Other Ongoing Costs of 0.20% on that fund that can't be applied to a PRSA but can be to a MT, Personal Pension or Occupstional Pension Scheme. Therefore margins to provider is under the base AMC.
Click to expand...
Definately I need advice
the options of fund with standard PRSA seem to be limited, this fund has been performing well in the past year or two and in my opinion it will outperform the funds available under standard prsa

also this is separate to company pension.
 
It's okay value then for that product/fund combo as a punter choosing another advised pension product with an AMC of 1% would end up paying 1.20% total AMC for exact same fund.

I think ILAC & ZL are the only companies that factor in the pricing differential on third party costs that can't be passed on to clients on PRSAs ie. they have separate unit pricing for funds where it's a factor.

It might just be a compliance interpretation on the cost rules but it would be interesting if these two were doing it 'right' and others weren't. Or, maybe they just don't have funds where the third party costs are a factor at all.
 
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