Zurich PRSA fees

Policy Fees

The Zurich PRSA or Zurich PRSA AVC with 100%* allocation for life of policy. Annual Management Fee 1%. No hidden charges or fees.offers 100% allocation. (there is NO entry charge) and that is for each and every contribution you make for the life of the policy. It has a range of funds with the risk profile you require.

In addition, lump sum contributions of at least €15,000 but less than €30,000 receive a bonus allocation of 0.75%, over €30,000 gets a bonus allocation of 1.5% (does not apply to contracts written as part of a group including all salary deduction contracts).

LABrokers is an execution only broker*. Under central bank regulations we cannot offer you any financial advice of direction. We place your business with Zurich on a nil commission basis. 100% allocation for the life of the policy and a 1% annual management charge. We do not charge any fees. We do not handle client funds and the contract is between you and Zurich.

Once you set up the PRSA, Zurich will post the policy documents directly to you. In the documents you will also receive a tax certificate which you send to Revenue to obtain tax relief.

*Execution only is where the consumer has specified both the product and the product producer by name and has not received any assistance from the regulated entity in the choice of that product and/or product. Prior to providing an investment product to a consumer, a regulated entity must warn the consumer, on paper or on another durable medium, that the regulated entity does not have the information necessary to determine the suitability of that product for the consumer.

Firms are reminded that for sales to be made on an execution only basis, the consumer must have specified the product, the product provider and must not have received any advice (this is specified in Provision 5.24 of the 2012 Code (Chapter 2, Common Rules 24, 30 and 31 of the 2006 Code)). If all three of those requirements are not met then, notwithstanding the classification given by the firm to the sale, the sale cannot be deemed to be effected on an execution only basis and firms must meet their obligations under Provisions 5.1, 5.3. 5.16, 5.17, 5.19 and 5.20 of the 2012 Code (Chapter 2, Common Rules 24, 30 and 31 of the 2006 Code).

Zurich Pensions