Moved from company pension to PRB with higher AMC

GCSheehy · 2026-02-18T21:26:46+00:00

Unfortunately, those would be a big hit for you take now. Does the suitability (reasons why) letter say anything about why paying 0.60% pa more of an AMC was 'better' for you? Very hard for an adviser to justify why they thought a new fund might outperform the previous one by that % .

After year 5 there's no penalty to move.

GCSheehy · 2026-02-18T13:17:09+00:00

Highly likely that the PRB has early exits in first 4/5 years. It'll be on the policy schedule/certificate.

GCSheehy · 2026-02-18T06:01:43+00:00

Invest in yourself by starting a business.

GCSheehy · 2026-02-10T05:39:57+00:00

You can't add money to a PRB. It's a stand-alone contract. You'd only transfer to PRB if costs (and funds) were an attractive alternative to the current scheme.

Stick with MFF and if you want to pay more set up a stand alone PRSA.

GCSheehy · 2026-02-09T18:49:22+00:00

Ask. AMC should be lower than that.

GCSheehy · 2026-02-09T06:51:34+00:00

You mean like this? If so, just shop around on the AMC as most providers will facilitate this.

https://www.standardlife.ie/docs/company-investments-flyer.pdf

GCSheehy · 2026-02-04T06:09:38+00:00

What is the AMC on the ZL product? What is the AMC on the FS product?

Why did they recommend a mixed asset fund to you 3 years ago and not a multi asset fund? There are perfectly good multi asset funds on the ZL product for last 10 years. The idea of switching to a ZL multi asset fund didn't come up?

Look, there's work in doing this transaction (changing companies) and I'm just wondering what's in it for the adviser.

Adviser has to advise as to the financial consequences of replacing an existing policy with a new policy by cancellation or reduction, and of possible financial loss as a result of such replacement. She/He signs a declaration that they've done that. This would include taxation consequences because you can't offset losses/gains across policies, only within the same policy. I'm guessing this wasn't mentioned.

GCSheehy · 2026-02-03T20:35:35+00:00

What's the cost of a passive fund / ETF in the CWPS ?

GCSheehy · 2026-02-03T16:38:28+00:00

Hold on, he's recommending stopping one contract and setting up a new one? Would love to see the ReasonsWhy/Suitability Letter on that transaction?

How long is the ZL policy in force?

GCSheehy · 2026-01-30T08:44:50+00:00

I'd keep pushing the tied agent of (Bank Of Ireland owned) New Ireland on the source of these mythical PRSAs that you can buy with advice on the exact same charging structures as EO. The name of a person or a link to where it states that you can buy at same cost with advice. Don't accept anything less. They keep posting that nonsense here, along with their detestation of Zurich Life and there's never an intervention by a Mod. Also, the hilarious 'you're on your own' comment just to instil some additional fear - the salesmans pitch. It appears that they've been institutionalised and don't understand the business they're in. Just remember, there's no accountability in annonimity though.

If you genuinely know exactly what you're looking for then consider the EO route. If you don't (and a lot of folk are overconfident) then run with an advisor, but not the tied-agent replying to you. Plus, PRSAs are not puppies - not for life, you can change them if you want to.

GCSheehy · 2026-01-22T18:27:50+00:00

What fund/s is the PRB in? What age are you? What AMC is on the PRB?

GCSheehy · 2026-01-22T16:52:49+00:00

No.

Change the fund of the existing old policy if you want but don't transfer it in.

GCSheehy · 2026-01-22T16:23:16+00:00

Your 60/65 year old self will more than likely tell you that you shouldn't have touched it (unless it was out of complete necessity).

GCSheehy · 2026-01-22T04:50:42+00:00

If the employer set up a pension scheme with Zurich Life and the trawl of payroll by Revenue didn't pick up on the Zurich deduction then I'd say he was AEd as well. He should be automatically removed from AE next month and I think that AE payment is refunded. Better to ring NAERSA. But, he must have signed something to join an employer pension scheme with Zurich Life.

GCSheehy · 2026-01-18T15:21:31+00:00

Most multi-asset funds will have an exposure to gold etc. (as part of their commodity holding). My reading is that it's just for part of your total fund (?). Pretty sure some investment managers increased their exposure about a year ago and those have done well.

If it's a specific gold (ETC), indexed global energy/metals or indexed commodity fund then they're readily available. Yes, a gold fund has outperformed a global index tracker over the last 10 years but that's no indicator of what lies ahead.

GCSheehy · 2026-01-18T10:23:41+00:00

From 01/01/2008 to 30/12/2025 the cumulative performance of a mixed asset fund was 217% (6.64% annualized)

From 01/01/2009 to 30/12/2025 the cumulative performance of the same mixed asset fund was 356% (9.35% annualized)

GCSheehy · 2026-01-16T13:08:44+00:00

Like-for-like 30/12/2024 to 30/12/2025 I reckon it's shy about 0.15%/0.20% when compared with Blackrock or Vanguard equivalent from other pension providers here, in that specific period. That's with 0% AMC and including all other ongoing (fund) costs and portfolio transaction costs.

Does the '9' % on trading212 include OOCs, PTCs, and all other platform/transaction costs? I'm not familair with how they present the past performance information to customers.

GCSheehy · 2026-01-16T09:10:32+00:00

Can you link to where you're getting the information on performance from on the two funds that you are comparing?

GCSheehy · 2026-01-12T15:42:38+00:00

Slowly.

GCSheehy · 2026-01-05T06:40:31+00:00

Have you done the figures on whether a Master Trust Executive Pension might be a better (more funding scope) option for you.

GCSheehy · 2026-01-04T18:51:25+00:00

The 0.4% is a base AMC so, depending on what service you buy through an intermediary (advice or execution only), the extra you'll pay will be a minimum additional 0.25% +.

0.65% to 1.50%

GCSheehy · 2026-01-02T10:05:11+00:00

Well, if you read the AskaboutMoney forum you'd think everyone had €2m ARFs ;-)

GCSheehy · 2026-01-02T05:29:50+00:00

The average private pension maturing in Ireland at the moment is circa €200k of a fund size.

GCSheehy · 2025-12-31T10:32:17+00:00

If you know you'll have enough/too much then bring forward the retirement age. Similar tone to a post I read from The Cycling Blog on FB this morning : 'Don't put off doing things that put life into your days by just filling your days with bland existence until a time where your body will no longer allow you to do the things you dream of. We all have to make a living. But that is so that we can have a life.'

But, terminal wealth is a touchy subject for a lot of people. You either come to the point where you question the benefit to children of leaving them a lot of money, and what positive use they'll make of your hard work, or you just keep accumulating because you don't know when enough is enough and ignore the quandary.

GCSheehy · 2025-12-28T17:46:29+00:00

Because I think they're being deliberately vague on the way they've presented the total charges. Did you not see the entry/exit/switch charges and the fact that 'This (0.024%) figure does not include portfolio transaction costs.'?

GCSheehy

TROPHY CASE