Related Article

CERTIFICATE OF COMPARISON

The PRSAs LABrokers arrange are on a nil commission basis and are on an ‘execution only’ basis.  

We hold Professional Indemnity insurance which exceeds the requirements. However, under common rules laid down by the financial regulator ‘execution only’ means we cannot offer you guidance or advice. 

The steps required to obtain a Certificate of Comparison are: 

1. Broker meets client to establish suitability to move funds from DC Pension to PRSA. 

2. If PRSA suitable, Broker arranges the production of a Cert of Comparison and written statement. 

3. Broker goes through Cert of comparison & written statement with client. 

4. Broker produces suitability letter for transaction and provides to client. 

5. Broker & client signs Cert of Comparison & written statement. 

6. Broker gives customer original Cert of Comparison & written statement. 

7. Broker submits fully completed PRSA application, Transfer In form and copy of signed Cert of Comparison & written statement to provider. 

With an ‘execution only’ service we cannot gather sufficient information from you which would be appropriate to the nature and complexity of the product being sought by yourself so that we could stand over and confirm the suitability of the product. 

The online business model we have is nil commission / execution only and cannot offer the level of advice that a product requiring a Certificate of Comparison needs and we don’t at present offer an alternative advice driven fee based service. 

The cost of you paying someone to provide you with a Certificate of Comparison may well exceed the advantages you would obtained setting up the PRSA on nil commission.  

I have listed below a few agencies that provide this information:-

John Lynch
Lane Clark & Peacock Ireland
Telephone +353 (0)1 6144393
Fax +353 (0)1 6686303

Global Pension Options
Judy O'Rourke organises these
judy@globalpensionoptions.com

 

LABrokers,

Newcastle,

Greystones,

Co Wicklow

Call Us

Call us on 01 281 0577

We're here to answer your questions

Message Us

Use our Contact Form

Send us a message, we'll get back to you

About LA Brokers

LABrokers became Ireland's first online discount broker in 1997. We specialize in selling discounted insurance products to residents of the Republic Of Ireland.

Our chief executive is John Geraghty, who has many years experience of looking after the Life Insurance, and related insurance requirements, of clients from all over Ireland. Our foundations are firmly based in our successful "real world" insurance brokerage practice in Greystones, Co. Wicklow.

Contact

LABrokers Newcastle
Greystones
Co. Wicklow

Ph: 01 281 0577

Mon-Fri 9am - 1pm & 2pm - 5pm

© LABrokers Ltd, trading as LABrokers is regulated by the Central Bank of Ireland
Registered office LABrokers, Newcastle, Greystones, Co. Wicklow. Company reg No. 303231
A private company limited by shares and having a share capital.

Systems by Dovetail | Site by Pride Web Design