Our Charges

Our Charges

We, Orca Financial Ltd act as intermediary (Broker) between you, the consumer, and the product provider with whom we place your business.

The background

Pursuant to provision 4.58A of the Central Bank of Ireland's September 2019 Addendum to the Consumer Protection Code, all intermediaries, must make available in their public offices, or on their website if they have one, a summary of the details of all arrangements for any fee, commission, other reward or remuneration provided to the intermediary which it has agreed with its product producers.

What is commission?

For the purpose of this document, commission is the payment earned by the intermediary for work undertaken on behalf of both the provider and the consumer. The amount of commission is generally directly related to the quantity or value of the products sold.

There are different types of commission models:

Single commission model:where payment is made to the intermediary shortly after the sale is completed and is based on a percentage of the premium paid/amount invested/amount borrowed. 
Trail/Renewal commission model:Further payments at intervals are paid throughout the life span of the product.
Indemnity commissionIndemnity commission is the term used to describe a commission payment made before the commission is deemed to be 'earned'. Indemnity commission may be subject to a clawback (see below) if the consumer lapses or cancels the product before the commission is deemed to be earned.

Other forms of indemnity commission are advances of commission for future sales granted to intermediaries in order to assist with set up costs or business development.

Profit Share arrangements

In some cases, the intermediary may be a party to a profit-share arrangement with a product provider and will earn additional commission. Any business arranged with these product providers on a client’s behalf will be placed with the product provider because that product provider is at the time of placement, the most suitable to meet the client’s requirements, taking all the client’s relevant information, demands and needs into account.

Life Assurance/Investments/Pension products

For Life Assurance products commission is divided into initial commission and renewal commission (related to premium), fund based or trail relating to accumulated fund.

Trail commission, bullet commission, fund based or renewal commission are all terms used for ongoing payments. Where an investment fund is being built up though an insurance-based investment product or a pension product, the increments may be based on a percentage of the value of the fund or the annual premium. For a single premium/lump sum product, the increment is generally based on the value of the fund.

Examples of products include Life Protection, Regular Premium Life Assurance Investments, Single Premium (lump sum) Insurance-based Investments, and Single Premium Pensions.

Investments

Investment firms, which fall within the scope of the European Communities (Markets in Financial Instruments) Regulations 2007 (the MiFID Regulations), offer both standard commission and commission models involving initial and trail commission. Increments may be based on a percentage of the investment management fees, or on the value of the fund.

Credit Products/Mortgages

Commission may be earned by intermediaries for arranging credit for consumers, such as mortgages. The single, or standard, commission model is the most common commission model applied to the sale of mortgage products by mortgage credit intermediaries (Mortgage Broker).

Clawback

Clawback is an obligation on the intermediary to repay unearned commission. Commission can be paid directly after a contract is concluded but is not deemed to be ‘earned’ until after a specified period of time. If the consumer cancels or withdraws from the financial product within the specified time, the intermediary must return commission to the product producer.

Fees

The firm may also be remunerated by fee by the product producer such as policy fee, admin fee, or in the case of investment firms, advisory fees. Include arrangements etc

Please Note

The enclosed commission guidance section gives indicative values across every product provider and every product advised whereby a commission or fee is received within our business. This is the maximum our Brokerage will take and is subject to change, in certain cases our Brokerage may take a different remuneration than the enclosed percentages/amounts. This will be disclosed to each client as per the Central Bank Consumer Protection Code regulations, on a client by client basis.

Other Fees, Administrative Costs/ Non-Monetary Benefits

The firm may also be in receipt of non-monetary benefits such as:

  • Attendance at product provider seminars
  • Assistance with Advertising/Branding

Further detail on the providers we work with, the products we sell and the maximum commissions available to us are outlined below.

Aviva Life & Pensions Ireland DAC


Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Term Protection150%25%100%100%---

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Specified150%25%100%100%---

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Savings15%1%3%-----

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRSA22.5%0.5%2%-5%3%2%1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Fund Based %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRB5.25%1%--5%3%2%1%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Mortgage Protection150%25%100%100%---

Income Protection

An Income Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Income Protection200%10%100%100%---

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments5.25%1%--5%3%2%1%

Group Term Protection

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Group Term-6%--------

Group Income Protection

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Group IP-6%--------

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Regular Premium pension15%1%--5%3%2%1%
Single premium pension5.25%1%--5%3%2%1%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Fund Based %Trail %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
ARF5.25%-1%5%3%2%1%

Annuities

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Annuity-3%--------

BCP


Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments3%-0.5%-----

BlackBee


Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments3%-0.5%-----

Cantor Fitzgerald


Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments3%-------

Davy Select


Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRSA0.5%-------

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Fund Based %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRB0.5%-------

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments0.5%-------

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Fund Based %Trail %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
ARF0.5%------

Greenman


Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments2.5%0.5%------

Irish Life Assurance plc


Whole of Life Protection

The Whole of Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Whole of Life100%0.15%100%100%100%100%100%

Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Term Protection100%0.15%100%100%100%100%100%

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Specified100%0.15%100%100%100%100%100%

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Savings5.5%0.5%16.5%-5%3%2%1%

Pension Term

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Pension Term-100%-15%-100%100%100%100%100%

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRSA5%--1%5%3%2%1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Fund Based %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRB5%0.75%--5%3%2%1%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Mortgage Protection100%0.15%100%100%100%100%100%

Income Protection

An Income Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Income Protection120%0.06%100%100%---

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments5%--0.75%5%3%2%1%

Group Term Protection

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Group Term-6%--------

Group Income Protection

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Group IP-6%--------

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Regular Premium pension17.5%0.5%17.5%-5%3%2%1%
Single premium pension5%0.75%------

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Fund Based %Trail %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
ARF5%1%-5%3%2%1%

Annuities

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Annuity-3%--------

ITC


Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments0.5%-------

NewCourt


Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRSA0.5%-------

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Fund Based %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRB--------
PRB0.5%-------

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments0.5%-------

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Fund Based %Trail %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
ARF-------
ARF0.5%------

New Ireland Assurance Company plc


Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Term Protection225%50%100%100%---

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Specified225%50%100%100%---

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Savings10%--0.25%5%5%3%1%

Pension Term

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Pension Term-225%-50%-100%100%---

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRSA7%0.5%--5%5%3%1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Fund Based %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRB5%-0.5%-5%5%3%1%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Mortgage Protection225%50%100%100%---

Income Protection

An Income Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Income Protection225%50%100%100%---

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments10%0.5%2.5%-5%3%2%1%

Group Term Protection

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Group Term-6%--------

Group Income Protection

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Group IP-6%--------

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Regular Premium pension25%1%8%-5%5%3%1%
Single premium pension5%1%--5%5%3%1%

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Fund Based %Trail %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
ARF5%-1%----

Annuities

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Annuity-3%--------

PTSB


Deposits

ProductInitial %
Deposits0.2%

Royal London Insurance DAC


Whole of Life Protection

The Whole of Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Whole of Life200%36%100%100%100%100%100%

Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Term Protection200%36%100%100%100%100%100%

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Specified200%36%100%100%100%100%100%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Mortgage Protection200%36%100%100%100%100%100%

Income Protection

An Income Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Income Protection200%60%100%100%100%100%100%

Standard Life International dac


Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Savings15%-1%1%5%3%2%1%

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRSA5%0.5%5%-----

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Fund Based %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRB5%-1%-----

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments4%1%0.25%1%----

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Regular Premium pension25%1%5%1%5%3%2%1%
Single premium pension5%1%-1%----

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Fund Based %Trail %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
ARF4%1%-----

Annuities

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Annuity-3%--------

Zurich Life


Whole of Life Protection

The Whole of Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Whole of Life90%18%100%100%---

Term Life Protection

A Term Life Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Term Protection100%12%100%100%---

Specified Illness

A Specified Illness Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Specified100%12%100%100%---

Savings

A Savings Product typically provides for an Initial (upfront) Commission as outlined below. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Savings10%0.005%1%-5%3%2%1%

Pension Term

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Pension Term-100%-12%-100%100%---

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that’s based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRSA15%0.5%5%-5%5%3%1%

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Fund Based %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
PRB5%0.5%--5%5%3%1%

Mortgage Protection

A Mortgage Protection Product provides for an initial upfront commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Mortgage Protection140%40%100%100%---

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Investments5%0.5%0.5%0.5%----

Group Term Protection

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Group Term-6%--------

Group Income Protection

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Group IP-6%--------

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
Regular Premium pension15%0.5%3%-5%3%2%1%
Single premium pension15%0.5%------

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that's based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Fund Based %Trail %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4
ARF5%-0.5%5%5%3%1%

Annuities

ProductInitial €Initial %Trail %Renewal %Fund Based %Clawback Yr. 1Clawback Yr. 2Clawback Yr. 3Clawback Yr. 4Clawback Yr. 5
Annuity-3%--------
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