When starting a pension in Ireland, many people focus heavily on cost and may look for an “execution-only” PRSA (a no-advice option). While charges are all important, cost alone should never be the only deciding factor.
Think about how you might react to downside volatility and the advantage of broker support in managing your plans administration as well as investment risk.
Other key factors to consider include:
-
Investment strategy and asset allocation
-
Fund choice and long-term performance
-
Volatility and risk management
- Long-term broker assistance
These all play a major role in your long-term retirement outcome.
However, with that said, at One Quote Financial Brokers, we do recognise that different clients have different priorities. Some prefer hands-on control and lower costs, while others value expert guidance and ongoing support.
That’s why we now offer three clear PRSA options, so you can choose the structure that best suits your needs.
Three PRSA Service Options
1. Full Advisory (Ongoing) – Discover More
-
AMC typically 1.00% – 1.30% p.a.
- No broker fee
-
Full financial advice and ongoing support included
-
Access to the broadest range of funds and insured providers
-
Portfolio construction, risk management, and ongoing reviews
- Minimum contributions levels apply.
2. Setup Advisory (Non Ongoing) – Discover More
-
AMC typically from 0.70% – 0.80% p.a.
-
No broker fee
-
Initial advice, but no ongoing support
-
Simple and cost-effective solution
- Minimum contribution levels apply.
3. Execution-Only (Lowest AMC, With broker Fee) – Discover More
-
AMC typically from 0.35% – 0.40% p.a.
-
Transparent direct broker fee payable
-
No advice or ongoing support
-
Lowest overall AMC structures are available
-
Only suitable for investors comfortable managing their own pension.
Understanding the Trade-Off
Each option offers different benefits and considerations:
Execution-Only PRSAs
-
Lower charges
-
No advice or ongoing support
-
Responsibility for investment decisions sits entirely with the client
-
Best for those confident managing their own pension
Advice-Based PRSAs
-
Higher AMC, but no direct fee
-
Professional guidance on fund selection and portfolio management
-
Ongoing risk management and support through market changes or life events
-
Ideal for those who value structured advice and long-term oversight
Choosing the Right Option
There is no single “best” PRSA — only what aligns with your goals, experience, and preferences.
-
If you want lower costs and have a solid investment market knowledge, an execution-only PRSA may be suitable.
-
If you want professional guidance, broader fund access, and ongoing support, an advice-based PRSA may be better.
At One Quote Financial Brokers, we offer all three options transparently, so you can choose the one that works best for you.
Book Your Free PRSA Consultation
Choosing the right PRSA is about more than cost — it’s about building the strongest possible foundation for your retirement.
At One Quote Financial Brokers, we offer a free 20-minute consultation (by phone, Teams, or Zoom) to help you understand your options.
Getting in Touch
If choosing to contact us, seeking an Execution-only PRSA, you must clearly outline your intended regular month contribution level, as well as lump sum level where applicable. We cannot respond to, confirm terms, or arrange any such business without these details.
Call: 01 845 0049
Email: ken@onequote.ie
Contact: Ken O’Gorman – Pension Specialist (CB, QFA, RPA, SIA)
Or enquire online and tell us how we can help.
