Charges applicable to pension plans
Charges can vary widely within the industry. An effective Financial Broker will negotiate on your behalf and ensure that you achieve the best value on your plan regarding costs and charges.
Allocation Rate The percentage of your investment amount that is allocated to your plan
Fund Management Charge This is an annual charge as a percentage of the fund. This charge is normally against the management of the fund.
Plan Charge This is an annual charge as a percentage of the fund. This charge is normally against the administration of the fund.
Pensions Authority There is a charge of €8 per annum
Policy Fee Varies between providers. Typically €3.5 per month
Fund Switches Most providers offer a number of free switches per annum and charges, typically, €30 per switch thereafter.
