Zurich Prisma 5 for 10yrs

Hi , New to this and no real interest in finance I just want to put something in place and forget about it.
I'm considering Zurich Prisma 5 100K for 10yrs...mix of online and conversations I've had.

Why: Stability and growth vs straight equites which I have elsewhere (+pension contributions maxed, mortgage paid, emergency fund in place).
10yr performance on this 9.4% p.a less the tax/fee's below.

• 100% net investment Allocation after 1% government levy
• 1% annual management charge
• Exit penalties apply for the first 5 years , 5% yr 1 , reduces to 1% in year 5
• Exit Tax 41% (some talk it could be lowered but treating as noise for now)

Questions:

Is there another similar type fund I should look at?
ETF's have been mentioned to me, can I get the same risk/return profile with lower tax/fee's? if so specially which ETF , where do I access?

You can get lower charges and similar assets mix elsewhere. E.g.
Maybe check with other execution only brokers too. E.g.

• www.labrokers.ie
• www.ferga.com
• Etc...

And search for existing threads on this issue.

Dean_Thomas said:

Is there another similar type fund I should look at?

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Direct equity investments (e.g. buying shares) would generally involve lower charges again and preferential CGT (33%, annual personal exemption, ability to offset losses) rather than 41% 8 year deemed disposal and exit tax.

My previous post here might be of some interest.

Thanks I'll check out those posts, quick follow-up question ...whilst bond.ie offers lower charges do i have the same amount of protection as going with Zurich direct ..excuse my ignorance here I don't want to go with lower fee's to find I have lower protection in some way

Dean_Thomas said:

New to this and no real interest in finance

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ClubMan said:

Maybe check with other execution only brokers

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Execution only is suitable for those that know exactly what they're looking for in terms of product, provider and fund/s.

Only reason OP is where they are now is because they've sought out advice (for free) and been recommended all three. They want someone to hold their hand and guide them. They're not comfortable going it alone. They know there's an extra cost to that.

It's not so bad here but if OP posted this on Reddit the replies would be - Don't be daft. Set up an account with a platform and invest in a global index tracker or CGT taxed instrument. And, they'd leave out the bit about the obligations on knowing/understanding the tax.

There's a growing trend towards looking for free short-cuts , not doing research, pretending to have product/provider/fund knowledge, and expecting an advisory service at execution only prices. It's driven by discussion forums who are packed with posters who actually know what they're doing and think that everyone else does too.

People get very offended when you tell them that you think they're not suitable to an execution only service and that they should either do way more research or engage an advisor. You're trying to help them but they just don't accept the advice. Maybe it's an age thing.

There has to be a bit of balance on the different types of service.

@GSheedy I see bond.ie is run by Gerard Sheehy so assuming that's you, can you kindly answer ..'. whilst bond.ie offers lower charges do i have the same amount of protection as going with Zurich direct?' I've done my research and happy to go with it ..I came on here as a sanity check to get a different perspective and in fairness bond.ie looks like a good option .. your post above is clearly part of wider discussion and that's fine ..I want to just get this done and move on from here.

ps... 'been recommended all three.' ..I've no idea what you're talking about

GSheehy said:

Execution only is suitable for those that know exactly what they're looking for in terms of product, provider and fund/s.

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Fair point @GSheehy.

Dean_Thomas said:

whilst bond.ie offers lower charges do i have the same amount of protection as going with Zurich direct?'

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You have the protection of going with Standard Life.

can I just go to Zurich or Standard Life direct and get similar terms ..I'm comfortable with 'execution only'

Dean_Thomas said:

can I just go to Zurich or Standard Life direct and get similar terms

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I'm not sure but sometimes going direct actually means higher charges because the underwriting company may prefer to get business via brokers. Check the underwriters' websites maybe?

Dean_Thomas said:

I'm comfortable with 'execution only'

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The likes of bond.ie or others that I mentioned are execution only. Execution means no investment advice, not necessarily going direct.

OK ..explained here fairly well below .its the same product (same protection) but lower fee's from the broker
..cheers we got there in the end!! ...I've straight equites working away for the long term and all that other stuff ..its the wife likes the comfort blanket on such a high amount.

Just on your comment earlier '8 year deemed disposal' ..what's that ..I assume it applies regardless of who i go with for Prisma?

ferga_com_/execution-only
'A transaction where the client doesn't require any advice whatsoever is known as an Execution Only transaction. As our work is significantly reduced, we pass on savings in terms of lower commission and consequently lower product charges. In many cases, our Execution Only products have lower charges than the standard product you would obtain by dealing directly with the product provider. We have a range of products from a range of product providers that we can arrange on an Execution-Only basis.'