The old with profits language would have called it "benefits of mutuality". ValueShare isn't as obvious a name
Probably the best (cheapest) PRSA in the world?
- Thread starter Poseidon
- Start date
That's a different thing to a share of the profits of the company
Ok, to be pedantic, a share in the value generated by the company?
You can find details by starting here:
Our Pension Products - Royal London IE
Our customer-focused pension products provide real value for money and unique features. We offer a Personal Retirement Bond (PRB) and an Approved Retirement Fund (ARF).
www.royallondon.ie
No.
Who cares if they have Vanguard ETF's? Vanguard ETF's are just passive index tracking funds with low costs.
The questions should be, Do they have passive index tracking funds with low costs?
And the answer is Yes.
By the way BlackRock are the people behind i-shares
Benbulben
Registered User
- Messages
- 41
Very interesting. Might be worth assessing a move. My wife has an Executive Master Trust Pension with Zurich, this might be worth exploring though.
Would this be the one people would look at from the above :
RL BlackRock Developed World Equity Index Fund
or maybe
RL Global Equity Diversified Fund
Would this be the one people would look at from the above :
RL BlackRock Developed World Equity Index Fund
or maybe
RL Global Equity Diversified Fund
I would also ask of they have passive index funds with low tracking errors. Answer is still yes, but I vaguely recall someone on here found some funds where the answer was no
Yes, that was me. And it was Irish Life funds.
Depends on what you're looking for presumably?
A couple of small things to watch out for here.
Royal London insist on Certified copies of ID & PPS No. Document at application stage. That's not in line with rest of the market for PRSAs. so their compliance must have taken a different view.
Transfers get 100% allocation but only Single Contributions of €10,000 (or more) get 100% allocation. If you did €10,000 this year as a single contribution and wanted to add €5,000 next year then the €5,000 would only be eligible for 98% allocation as Single Contributions are always treated separately for determining the allocation band. Again, not really in line with rest of market on execution only. Yes, it would probably be still worth it in longer term if AMC was lower than a competitor so it's more of an awareness thing.
Royal London insist on Certified copies of ID & PPS No. Document at application stage. That's not in line with rest of the market for PRSAs. so their compliance must have taken a different view.
Transfers get 100% allocation but only Single Contributions of €10,000 (or more) get 100% allocation. If you did €10,000 this year as a single contribution and wanted to add €5,000 next year then the €5,000 would only be eligible for 98% allocation as Single Contributions are always treated separately for determining the allocation band. Again, not really in line with rest of market on execution only. Yes, it would probably be still worth it in longer term if AMC was lower than a competitor so it's more of an awareness thing.
Last edited:
No, 100%.
Less than €100pm would mean 98% allocation.
The anomaly above was in respect of single contributions. Don't really understand it as I would have thought that lump sum business was less costly for providers to administer than all the chopping and changing that goes on with direct debits.
Less than €100pm would mean 98% allocation.
The anomaly above was in respect of single contributions. Don't really understand it as I would have thought that lump sum business was less costly for providers to administer than all the chopping and changing that goes on with direct debits.
Hi C-Pike. Once you have > €100,000 in there, does the rebate apply to the whole fund or just the portion of the fund in excess of €100,000?
FWIW...
www.rte.ie
Royal London Ireland's new business sales up 29%
Insurance company Royal London Ireland has today reported 29% growth in new business sales to €359m.
Royal London reveals 2.3m customers to share in £181 million ProfitShare payout as part of FY24 results announcement - IFA Magazine
“Royal London is customer-owned and is run for the benefit of customers, not shareholders. We share our profits with eligible customers and our ProfitShare
ifamagazine.com
Interesting that it's called ProfitShare in UK sales guff
Yeah - I noticed that and maybe the RL Ireland scheme and rate is separate from the parent company?
I haven't looked into it yet but I am most likely going to transfer my PRSA(s) from Standard Life to RLI in order to avail of their lower charges and the chance to benefit from the ValueShare bonus.
CharlieMac
Registered User
- Messages
- 60
@ClubMan
Are you with Standard Life now? Why do you think it is a better deal to go with Royal London? From my initial research the AMCs are lower with Standard Life than RL although they do not offer a ValueShare bonus as RL does (which is not guaranteed). If you don't mind sharing what AMC(s) and fee(s) are you paying now with SL and what do you expect them to be from RL?
@Ent319
I confirmed with Standard Life that all funds available through their PRSA AVC have the AMC reduced by 0.5% once the amount you have invested in that fund goes over €100k. The reduced AMC applies to the full amount of your money invested in that fund not just the amount above €100k.
Mind you, I didn't consider the case of investing in more than one fund. I didn't confirm if that 100k threshold applies to each fund you are invested in separately. Or is the AMC reduced in all funds you are invested in once all the money you have in your PRSA AVC is > 100k. I'll have to get back on to them! This wouldn't be a problem if you only chose to invest in one fund which is all I'm planning on doing anyway.
Are you with Standard Life now? Why do you think it is a better deal to go with Royal London? From my initial research the AMCs are lower with Standard Life than RL although they do not offer a ValueShare bonus as RL does (which is not guaranteed). If you don't mind sharing what AMC(s) and fee(s) are you paying now with SL and what do you expect them to be from RL?
@Ent319
I confirmed with Standard Life that all funds available through their PRSA AVC have the AMC reduced by 0.5% once the amount you have invested in that fund goes over €100k. The reduced AMC applies to the full amount of your money invested in that fund not just the amount above €100k.
Mind you, I didn't consider the case of investing in more than one fund. I didn't confirm if that 100k threshold applies to each fund you are invested in separately. Or is the AMC reduced in all funds you are invested in once all the money you have in your PRSA AVC is > 100k. I'll have to get back on to them! This wouldn't be a problem if you only chose to invest in one fund which is all I'm planning on doing anyway.
I'm not with them yet but am currently planning to move to them. With SL my current (Vanguard) AMC is 0.65% which could probably be reduced to 0.40% these days. In my specific situation I am in a position to get a better AMC deal with RLI than with SL (even ignoring the ValueShare bonus which I'm perfectly aware is discretionary on their part). Unfortunately I can't say much more right now (or maybe at all) so for some people SL may offer better value than RLI in terms of AMCs and potential bonuses (or not). Caveat emptor.
Last edited: