The person that's selling you the product, or the one that you're buying it from, will dictate the charging structure. There are 33 structures. If you think that's a lot, it's not.
If price is someone's only consideration then they definitely are a player. They have
active and passive (Blackrock) options and 8 passive are priced at 0.05% less than the active options. RL is a mutual so they have a unique
Value Share feature . At the company's discretion whether they declare an award or not but in last two years it translated as a 0.13% reduction in AMC for each year (T&Cs apply).
There are just two allocation rates (98% - less than €100pm or €10,000 lump sum - & 100%) and AMCs can go up as far as 1.50% pa. There is no Standard PRSA option, just Non-Standard.
Good to see more choice. They might struggle with brand awareness here. THB, I've no experience of dealing with them in the past so I don't know what their processes are like and how quickly they respond with general or technical queries. It might take them a while to get a foothold as decisions on choice of PRSAs (and potentially Vested PRSAs) aren't taken quickly. The changes from unlimited to 100% salary on contributions may also affect volumes. But, overall, very welcome competition in a now very competitive space.
www.rte.ie