Marian2017
Registered User
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I'm 50 and self-employed. My advisor wants to move my pension, about €200k, from Irish Life to Zurich. It would be split 50% Zurich Prisma 4 and 50% Balanced fund. I also want to add another €60k or so to it. He says that I'll end up with two Zurich pensions, one for the Irish Life transfer and one for the extra €60k and that any other future single premium payments would be separate also. Is that right? It seems odd and he hasn't been totally transparent about other things. (Yes, I'd like a new advisor). Is it due to the % that the broker takes of single premiums?
The allocation rate on both sums would be 100% and the FMC on transfer amounts and single premiums would be 1.25% with 0.25% going to the broker. Regular monthly contributions at 1% fund charge pa. No monthly fee.
I'd be grateful for any thoughts on this proposal as my broker is aware that I know little about pensions and their performance.
The allocation rate on both sums would be 100% and the FMC on transfer amounts and single premiums would be 1.25% with 0.25% going to the broker. Regular monthly contributions at 1% fund charge pa. No monthly fee.
I'd be grateful for any thoughts on this proposal as my broker is aware that I know little about pensions and their performance.