Probably the best (cheapest) PRSA in the world?

@GSheehy Would this be cheaper than the Zurich option you provide?

Sorry if that sounded rude, meant to ask if making an annual lump sum payment of about 7k would this be cheaper than going execution only through you with Zurich? But say if it spread that out to be about 500 per month would it be better value in terms of fees by going with Royal London ?
 
Last edited:
RoyalLondon.ie only offer non-standard PRSA, are there any concerns with that?
As I understand that means there are no max limits on charges but royalLondon seem to be clear on what they do charge, and its cheaper?
 
aristotle said:
RoyalLondon.ie only offer non-standard PRSA, are there any concerns with that?
Click to expand...
It certainly wouldn't concern me. I think that all of the PRSAs that I've had to date have been non-standard and over the years the charges are only going in one direction - downwards. And if RLI were to increase their charges to make them less competitive then one can just switch to another cheaper provider. In my opinion the standard PRSA charging caps of 5% on contributions and 1% AMC are largely moot since nobody in their right mind would pay such high charges these days.
 
Last edited:
I pay 1% AMC which isn’t uncommon but one of the reasons I want to move. It does have 100% allocation though and anyone paying less than that really needs to consider changing.
 
CharlieMac said:
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!
Click to expand...

The €100,000 thresholds apply to the PRSA as a whole; not fund choices within it.
 
ClubMan said:
I think that all of the PRSAs that I've had to date have been non-standard and over the years the charges are only going in one direction - downwards.
Click to expand...

Fair play, I think that's the first acknowledgement on AAM that, while the price of everything else is going up around us, the price of PRSAs has come down by 25%/50% (unless you were a Davy's client with a modest - to them - fund size). But, it still won't be enough for those that will say that you can buy a pension at half that again in, somewhere like, Vatican City as that's a valid comparison market to RoI ;-)
 
When I was first looking at pensions years ago ones that took the first year or two of contributions in charges - so you were only really getting started in year three - were still not uncommon. And then a chunk of each contribution and a hefty AMC thereafter too. Over the years charges have definitely become fairer and more competitive and the fact that 100% allocation rates and sub 1% AMCs are easily available these days is great for the consumer.
 
Any pitfalls to be careful of here?
I have a ~100k PRSA with Davy [ execution only ] but believe I should be trying to move it elsewhere as Davy have priced themselves out?

Is this Royal London PRSA the "winner" these days when it comes to PRSA costs?

(30 years from retirement - just need to find an Equity Index tracker to park all the funds in)
 
returningSon said:
Is this Royal London PRSA the "winner" these days when it comes to PRSA costs?
Click to expand...
It could be in many cases.
Poseidon said:
Taking into account their "ValueShare" scheme of 0.13% in recent years, the AMC may be effectively reduced to 0.42% or significantly lower (0.32%) for larger transfers.
Click to expand...
However it may also be possible to get 0.4% (but no equivalent of RLI's ValueShare discretionary bonus) with Standard Life in some cases these days?
returningSon said:
Any pitfalls to be careful of here?
Click to expand...
There are a few issues to be aware of that others have mentioned earlier. In particular...

Probably the best (cheapest) PRSA in the world?

Really? Why so? The old with profits language would have called it "benefits of mutuality". ValueShare isn't as obvious a name
www.askaboutmoney.com
returningSon said:
just need to find an Equity Index tracker to park all the funds in)
Click to expand...
See here:

Probably the best (cheapest) PRSA in the world?

Really? Why so? The old with profits language would have called it "benefits of mutuality". ValueShare isn't as obvious a name
www.askaboutmoney.com
returningSon said:
I have a ~100k PRSA with Davy [ execution only ] but believe I should be trying to move it elsewhere as Davy have priced themselves out?
Click to expand...
Just curious - when and why did you go with Davy rather than a life insurance company?
 
Ent319 said:
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?
Click to expand...
The whole fund.

Any pitfalls to be careful of here?
I have a ~100k PRSA with Davy [ execution only ] but believe I should be trying to move it elsewhere as Davy have priced themselves out?

Is this Royal London PRSA the "winner" these days when it comes to PRSA costs?

(30 years from retirement - just need to find an Equity Index tracker to park all the funds in)
Click to expand...
30 years from retirement into an equity fund - by my calculation Standard Life is the winner. Their range of Vanguard index funds are priced at 0.9%, so the rebate gets you to 0.4% immediately without profit share etc maybe doing the work (if I'm understanding the Royal London offering properly).

Although maybe as time goes on and your fund increases, you can get even lower with Royal London, as OP originally said "even larger" funds can avail of even lower fees.
 
Last edited:
Benbulben said:
I think we are all mostly of the mindset that a Global, passively managed, 100% ETF approach is best for long term growth and those were the 2 products that seemed to tick the boxes to my eye.
Click to expand...
RL BlackRock Developed World Equity Index Fund is passive while RL Global Equity Diversified Fund is active.
They also track slightly different indexes: MSCI World Index Net EUR and MSCI All Countries World Net Total Return Index EUR respectively.

 
Last edited:
You must log in or register to reply here.
Back
Top