One Quote Financial Brokers act as an intermediary between you the consumer, and the solution providers
with whom we place your business. Full details of our remuneration are detailed below, for any enquires,
please call: 01 845 0049.
Our Payments
For all enquires, we offer a free 20 minute initial consultation by phone or video call, to discuss our advisory service offerings, thereafter: €200/hr.
Fees occur in relation to the following services and were applicable, will be discussed, clearly outlined and agreed in advance.
Where detailed calculations and advice relating to Public Service benefits apply, or other specislist financial advice our standard consultation fee of €350.00 per hour (no VAT) will apply.
Where specialist advice pertaining to retirement benefit drawdown is requested, which exceeds your initial free 20 minute consultation (prior to agreement to proceed to application) a consultation fee of €350.00 per hour, (no VAT) will apply.
Where specialist tax advisory services are requested, employing the services of our associate Chartered Tax Advisor, fees invoiced will amount to: €200.00 per hour + VAT. Services cover and include:
Master Trust – Occupational Pension Schemes & Group Risk
Charging Structure
100% Allocation + AMC: 1.00%
All other charges are outlined below:
Initial Scheme Consultation & Quotations: €1,500.00
New Member consultation/on boarding: €150.00
Service includes:
Note: Minimum scheme membership is 25 employees.
One Quote Financial Brokers Ltd acts as an intermediary between you, the consumer, and the solution provider with whom we place your business.
One Quote Financial Brokers deliberately limits intermediary remuneration. We disclose how we are paid and the costs that apply to your financial product. Where we operate on a 100% allocation basis for investment and pension products, we do not take ongoing renewal commission. Where we can reduce or eliminate intermediary remuneration, we seek to ensure that the benefit is reflected in the overall cost to you.
Pursuant to Provision 4.58A of the Central Bank of Ireland’s September 2019 Addendum to the Consumer Protection Code, intermediaries must make available on their website a summary of the details of arrangements for any commission provided to the intermediary by product providers, together with details of any direct fees that may be charged by the intermediary to the consumer.
One Quote Financial Brokers is not tied to any particular solution provider. Our role is to compare available solutions and identify those we consider most suitable, taking account of benefits, investment options, charges, remuneration and your circumstances.
Remuneration is the payment received by an intermediary for work undertaken on behalf of the product provider and/or consumer. It may be paid by way of commission from a product provider or, where applicable, through a direct fee charged to the consumer. The amount and structure of remuneration varies depending on the product and provider.
Commission is a form of remuneration that may be paid by a product provider to an intermediary for work undertaken in connection with a financial product.
For protection products, lower intermediary commission can result in lower premiums. For investment and pension products, intermediary remuneration can form part of the overall product cost, although the precise relationship between remuneration and product charges varies by provider and product. Where we can reduce or eliminate intermediary remuneration, we seek to ensure that the saving is reflected in the overall cost to you.
Intermediary remuneration can influence the overall cost of a financial product to you, depending on the product and remuneration structure.
Here you can find displayed the maximum commission rates that may be paid to financial intermediaries, including financial brokers, where maximum commission arrangements apply.
These maximum commission rates are not automatically taken by One Quote Financial Brokers. We deliberately limit intermediary remuneration in our clients’ favour, as outlined below.
Different commission structures can apply depending on the type of financial product. Protection products may provide for initial and renewal commission, while investment and pension products may provide for initial, renewal or trail commission.
1. Initial commission / once-off payment: A payment made to the intermediary following completion of the sale and generally calculated as a percentage of the premium paid or amount invested. The level and structure of initial commission varies between products and providers.
2. Renewal / service commission: Further payments that may be made to an intermediary during the life of a product. These can apply to protection products and certain regular-premium investment or pension arrangements. Where we operate on a 100% allocation basis for investment-related products, we do not take renewal commission.
3. Trail / ongoing advice commission: An ongoing payment that may be calculated by reference to the value of an investment or fund and may form part of the overall cost of an investment-based product. Where ongoing advice is provided for a separate fee, this will be disclosed to you.
Indemnity commission: This describes commission that may be paid to an intermediary before it is considered fully earned. Where applicable, indemnity commission may be subject to claw-back if a consumer cancels, withdraws from or otherwise terminates a product before the relevant earning period has been completed.
Claw-back is the obligation on an intermediary to repay commission that has been paid but has not yet been fully earned. The applicable earning period depends on the product provider and the particular commission arrangement. Where a claw-back provision applies, the intermediary may be required to repay some or all of the commission if the product is cancelled or withdrawn from during the relevant period.
Our remuneration policies are designed to support sound and effective risk management and are consistent with the consideration of sustainability risks in relation to investment and insurance-based investment products.
When assessing investment and pension solutions, we consider the approach taken by product providers to sustainability risks and, where relevant, the adverse impacts of investments on sustainability factors. This may form part of our overall assessment when comparing and selecting a suitable product provider and investment solution.
For insurance-based protection and investment products, remuneration may take the form of initial commission, renewal commission, fund-based commission or trail commission. The basis of remuneration depends on the product and provider.
Ongoing remuneration may be calculated by reference to the premium, contributions, investment amount or accumulated fund value. For a single-premium or lump-sum investment, pension or investment product, remuneration may be calculated by reference to the amount invested or the value of the fund.
Life assurance products may include individual or group protection arrangements. Investment and pension products may be structured as single-premium or regular-contribution arrangements.
Investment firms and other investment product providers may offer different remuneration structures, including initial and ongoing commission arrangements. Depending on the product, remuneration may be calculated by reference to the investment amount, fund value or investment management charges.
At One Quote Financial Brokers, we deliberately limit intermediary remuneration and aim to ensure that you have a clear understanding of both how we are paid and the overall cost of your financial product.
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