If you are an Executive Director and owner of your own company, you may be considering using your company to build your personal retirement benefits.
A PRSA can provide a flexible way of building retirement savings through company contributions, subject to the applicable pension and tax rules.
- Unlike a personally funded PRSA, an executive Director PRSA enjoys USC & PRSI relief, plus your company paid contibtibutions can be treated as a business expense.
- Unlike a personally funded PRSA, a company owner can take more control and generally out fund a personally funded PRSA.
- A PRSA can be established alongside an exisiting Master Trust, where the one times salary PRSA annual limit may affect your total funding requirments.
But choosing a PRSA is not simply about finding a provider.
The cost of your pension matters — particularly when your money may remain invested for many years.
For an Executive Director who is confident making their own pension and investment decisions, an execution-only PRSA can provide an alternative to paying for an ongoing advised service, by way of higher charges.
The One Quote Financial Brokers execution-only service offers a Executive Director – Company PRSA, grantong access to all Royal London Ireland investment options including passive funds with an Annual Management Charge (AMC) of 0.35% p.a. and active funds at 0.40% p.a.
Allocation Terms
The following allocation terms apply to this offer:
- 100% investment allocation on all regular contributions.
- 100% investment allocation on all PRSA and Personal Pension Plan transfers.
- 100% investment allocation on all single premiums of €10,000 or more.
The attraction is straightforward:
A defined upfront broker fee combined with low ongoing investment charges — for an Executive Director who wants to make their own pension and investment decisions.
What Does Execution-Only Mean?
Execution-only means that you make the decision to proceed without receiving a personal recommendation.
- You decide whether the PRSA is appropriate for you.
- You decide how much to contribute.
- You decide how your pension is invested.
- You manage your PRSA onc eup and running.
The execution-only route is therefore intended for an Executive Director who is prepared to take responsibility for their own pension and investment decisions. If you require a personal recommendation about your pension or investments, an advised service should be considered instead.
Why PRSA Charges Matter
Lower-cost PRSAs result in a greater proportion of contributions being retained within the fund, which affects the impact of compound growth over time.
| PRSA Option | AMC |
|---|---|
| *Advice PRSA | 1.00% + |
| Active Funds | 0.40% |
| Passive Funds | 0.35% |
*The above information is based on indicative market observations and publicly available information, which may vary depending on provider, product structure, and individual circumstances.
Illustrative comparison of execution-only charges under this model
A common mistake when comparing PRSA AMC charges is focusing only on how long it takes to “recover” an upfront broker fee.
Our fees represent a fixed cost. An Annual Management Charge (AMC), however, applies every year and reduces investment growth throughout the lifetime of the PRSA.
For this reason, when comparing pension structures, it is important to consider not just upfront costs, but also the long-term effect of ongoing annual charges. It is also worth considering that your regular contribution level is unlikely to remain at the same level for lifetime of your PRSA.
For an accurate comparison it may be best to include 5% per annum indexation of your regular contribution over time and to factor in any possible lump sum injections.
Illustrative Scenario (Age 35–65)
| Feature | Value |
|---|---|
| Start age | 35 |
| End age | 65 |
| Starting at | €1,000 per month |
| Indexation | 5% per year |
| Lump sums | €10,000 at 45 and 55 |
| Net return | 6% per year |
| Compounding | Monthly |
| PRSA A | 1.00% AMC |
| PRSA B | 0.40% AMC |
Estimated Fund Value at 65
Higher AMC (1.00%)
Monthly contribution: €1,000.00 + annual indexation & two lump sums
Fund at 65: €1.56m
Lower AMC (0.35%)
Monthly contribution: €650+, step-ups & lump sums
Fund at 65: €1.70m
Illustrative difference under stated assumptions: approximately €141,000
Upfront Broker Fees vs. No Fee Higher AMC
Why Consider Paying a Broker Fee?
- Early Years: When your pension balance is small, a higher AMC (like 0.75%) takes a relatively small amount of money each year. At this stage, a flat upfront fee may seem expensive.
- Later Years: As compounding growth swells your pot, a percentage-based fee can become highly punitive. Even a 0.75% charge on an accumulating fund can strip out thousands of euros every single year. Conversely, a 0.35% to – 0.40% charge cuts that ongoing yearly retirement pot erosion significantly.
Lifetime Compounding
The Retirement Lock-In Advantage
Our One-off Broker Fee
Our broker fee depends on whether you are transferring an existing PRSA.
A Master Trust transfer would require a COBC and falls outside the scope of this execution-only service.
Confirmed at point of setup and payable when your PRSA goes live, the total broker fee is fixed and laid out on day one in a personal business terms statement.
- A company invoice will be issued directly to you only upon the successful establishment and funding of your new PRSA.
- There is no VAT charged.
1. PRSA Setup Fee
A one-off setup fee of €3,500.00 applies when establishing your new execution-only PRSA.
2. Existing PRSA Transfer Fee
Where an existing pension (PRSA, PRSA AVC, or Personal Pension Plan) is transferred into your new PRSA, a one-off transfer fee applies. We provide full instructions relating to the transfer process and supply the Royal London transfer request document for your existing provider. (Transfers from Master Trusts are not permitted under this offer).
- 1% of transfer value
- €600 minimum fee
The maximum single transfer fee is capped at €2,500 on transfers up to €500,000. For very large transfer values exceeding €500,000, an alternative fixed fee may be agreed in advance, and will be confirmed before any work commences. Transfer only PRSAs are subject to the transfer fee in addition to the setup fee.
Single-premium-only PRSAs are available and subject to the same setup fee.
Note: There are no other broker charges outside of setup and transfer fees outlind above!
Total Cost Transparency
It’s important to understand that all pension plans have small additional operational charges beyond their declared AMC.
You can view each fund’s specific additional expense charge (AIE) by clicking on your chosen Funds Name or Fund Factsheet (PDF) when visiting the Royal London Fund Centre.
Additional expense charges are clearly visible on the left hand side (under the heading Key Information) of each funds factsheet. They currently range from approximately 0.01% to 0.18%, depending on the funds you select.
Examples include:
- RL BlackRock Developed World Equity Index Fund at 0.01%
- RL Multi-Asset Balanced Fund at 0.18%.
Please Note
- Additional Investment Expenses (AIE) they should be added to the base AMC.
- (AIE) may vary over the lifetime of this PRSA, just the same as with any PRSA contract.
- The figures referenced above reflect the maximum range of charges applicable as of July 2026.
Royal London ValueShare Bonus
- Added annually to your pension unit value (usually April)
- Once added, it compounds alongside your pension
- Past four years (including April 2026) added ~0.13% per year in bonus units
In recent years (including April 2026), discretionary additions have averaged approximately 0.13% per year; however, these are not guaranteed.
Fund Choice Suitability & Risk Management
Royal London Ireland provide access to tools to assist in understanding the risk ratings of their funds.
To get familiar with the fund choices on offer, you can visit the Royal London Ireland fund centre, where you can also click on the individual fund factsheets.
When you click on the fund centre and then on the factsheet PDF link of any of the funds listed you can view that funds risk rating.
To assist with fund selection, clients can opt to use the Royal London online suitability tool, which includes:
- A Risk profiler – assess tolerance for investment risk
- A Sustainability questionnaire – consider ESG factors
Clients may choose to complete both assessments, or only the risk profiler.
Access Royal London’s suitability tool
The use of this online tool is to help with the provision of very important information; it does not however constitute advice or a recommendation from us. All investment decisions remain the client’s responsibility and as such require your careful and appropriate consideration.
How Our Service Works
A broker setup fee applies covering the establishment of your PRSA, whether Personal, Payroll Deducted, or a solely company-funded Director PRSA.
An additional broker transfer fee may only occur, where you choose to make a PRSA or PPP pension transfer to your new Royal London Ireland PRSA.
This structure is designed to operate without commission-based remuneration applying.
This PRSA operates like any other PRSA in terms of contribution flexibility, with:
- No policy fees
- No fund switching charges
- No early-exit charges
- No trail commission
- No platform fees
- No commission-based remuneration within the product
- No allocation charges (min 10K Single Premiums)
What Does One Quote Financial Brokers Provide?
The Executive Director – Company service is an execution-only broker service.
The broker fee covers the One Quote Financial Brokers service involved in establishing the PRSA arrangement.
The service is therefore designed specifically around establishing the PRSA without an ongoing advised relationship.
Who Is This PRSA Service Designed For?
This service may be relevant to an Executive Director who:
- owns their own company;
- intends for their company to fund their PRSA;
- understands the distinction between execution-only and advised services;
- is prepared to make their own pension and investment decisions; and
- wants to consider both the initial broker fee and ongoing investment charges.
It is not intended to suggest that an execution-only PRSA is suitable for every Executive Director.
Suitability depends on individual circumstances.
If you want someone to assess your circumstances and recommend what you should do, you should seek financial advice rather than choosing an execution-only service.
Executive Director PRSA – Key Information
- Executive Director – Company
- Service Execution-only
- One Quote Financial Brokers fee €3,500
- VAT on broker fee No VAT
- Personal recommendation No
- Suitability assessment No
- Ongoing investment advice No
- Passive fund AMC 0.35% p.a.
- Active fund AMC 0.40% p.a.
- Additional Investment Expenses May apply
How to apply – Requesting your Application Pack
When requesting your Application Pack please confirm if a PRSA plan transfer is intended (stating the amount)?
Blog Author
Ken O’Gorman – Director, CB, QFA, RPA, SIA – Retirement & Investment Specialist
One Quote Financial Brokers is regulated by the Central Bank of Ireland. Our execution-only PRSAs operate in line with applicable regulatory requirements.
