Our Charges

 

We, Giblin Financial Services Limited act as intermediary (Broker) between you, the consumer, and the product provider with whom we place your business.

 

The Background

Pursuant to provision 4.58A of the Central Bank of Ireland's September 2019 Addendum to the Consumer Protection Code, all intermediaries, must make available in their public offices, or on their website if they have one, a summary of the details of all arrangements for any fee, commission, other reward or remuneration provided to the intermediary which it has agreed with its product producers.

 

What Is Commission?

For the purpose of this document, commission is the payment earned by the intermediary for work undertaken on behalf of both the provider and the consumer.  The amount of commission is generally directly related to the quantity or value of the products sold.

 

There are different types of commission models:

 

Single commission model:

Where payment is made to the intermediary shortly after the sale is completed and is based on a percentage of the premium paid/amount invested/amount borrowed. 

Trail/Renewal commission model:

Further payments at intervals are paid throughout the life span of the product.

Indemnity commission

Indemnity commission is the term used to describe a commission payment made before the commission is deemed to be 'earned'. Indemnity commission may be subject to a clawback (see below) if the consumer lapses or cancels the product before the commission is deemed to be earned.

 

Other forms of indemnity commission are advances of commission for future sales granted to intermediaries in order to assist with set up costs or business development.

 

Profit Share Arrangements

In some cases, the intermediary may be a party to a profit-share arrangement with a product provider and will earn additional commission.  Any business arranged with these product providers on a client’s behalf will be placed with the product provider because that product provider is at the time of placement, the most suitable to meet the client’s requirements, taking all the client’s relevant information, demands and needs into account.

 

Life Assurance/Investments/Pension products

For Life Assurance products commission is divided into initial commission and renewal commission (related to premium), fund based or trail relating to accumulated fund.

 

Trail commission, bullet commission, fund based, or renewal commission are all terms used for ongoing payments.  Where an investment fund is being built up though an insurance-based investment product or a pension product, the increments may be based on a percentage of the value of the fund or the annual premium.  For a single premium/lump sum product, the increment is generally based on the value of the fund.

 

Examples of products include Life Protection, Regular Premium Life Assurance Investments, Single Premium (lump sum) Insurance-based Investments, and Single Premium Pensions.

 

Investments

Investment firms, which fall within the scope of the European Communities (Markets in Financial Instruments) Regulations 2007 (the MiFID Regulations), offer both standard commission and commission models involving initial and trail commission.  Increments may be based on a percentage of the investment management fees, or on the value of the fund.

 

Clawback

Clawback is an obligation on the intermediary to repay unearned commission.  Commission can be paid directly after a contract is concluded but is not deemed to be ‘earned’ until after a specified period of time.  If the consumer cancels or withdraws from the financial product within the specified time, the intermediary must return commission to the product producer.

 

Fees

The firm may also be remunerated by fee by the product producer such as policy fee, administration fee, or in the case of investment firms, advisory fees. Include arrangements, etc.

 

Please Note

The enclosed commission guidance section gives indicative values across every product provider and every product advised whereby a commission or fee is received within our business.  This is the maximum our Brokerage will take and is subject to change, in certain cases our Brokerage may take a different remuneration than the enclosed percentages/amounts.  This will be disclosed to each client as per the Central Bank Consumer Protection Code regulations, on a client-by-client basis.

 

Other Fees, Administrative Costs/ Non-Monetary Benefits

The firm may also be in receipt of non-monetary benefits such as:

  • Attendance at product provider seminars

  • Assistance with Advertising/Branding

Further detail on the providers we work with, the products we sell and the maximum commissions available to us are outlined below.

 

 

Aviva Life & Pensions Ireland DAC

 

Term Life Protection

A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Term Protection

150%

22%

24

                                                                                          

Single Premium PRSA

Product

Initial %

Recurring %

Single Premium PRSA

4%

0.5%

                                                             

Specified Illness

A Specified Illness Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Specified Illness Cover

150%

22%

24

                                                                             

Savings

The Savings contract typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ' clawback ' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Savings

15%

1%

48

                                                          

 

 

                           

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Regular Premium PRSA

22.5%

0.5%

48

                                                                                                      

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

PRB

5.25%

1%

                             

Mortgage Protection

A Mortgage Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Mortgage Protection

150%

22%

24

                                                                                                  

Income Protection

An Income Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Income Protection

200%

30%

48

                                                                                             

Investment

An Investment Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Investments

5.25%

1%

 

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial Commission as outlined below.   Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Regular Premium pension

20%

1%

48

Single premium pension

5.25%

1%

-

                                                                                                                              

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

ARF

5.25%

1%

                                                                                                        

Annuity

The Annuity contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Annuity

3%

 

 

                                                                                    

BCP Asset Management

 

Investment

An Investment Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Investments

2.5%

                                            

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial €

Recurring Commission %

ARF

No

0.75%

                              

                              

BlackBee

 

Investment

An Investment Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product

Initial %

Recurring Commission %

Investments

3%

0.5%

                                                        

                                                        

Cantor Fitzgerald Ireland Ltd

 

Investment

An Investment Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Investments

3%

                                       

 

Davy Select

 

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

PRSA

0.5%

0.5%

                                                                                 

 

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

PRB

0.5%

0.5%

                                                                           

Investment

An Investment Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Investment

0.5%

0.5%

                                   

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

ARF

0.5%

0.5%

                                                          

 

Greenman

 

Investment

An Investment Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product

Initial %

Recurring Commission %

Investments

2.5%

0.5%

                                       

                                       

Irish Life Assurance plc

 

Whole of Life Protection

The Whole of Life Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Whole of Life

100%

28%

60

                                                                                                     

Term Life Protection

A Term Life Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Term Protection

100%

28%

60

 

Single Premium PRSA

Product

Initial %

Recurring %

Single Premium PRSA

5%

0.75%

                                                                           

Specified Illness

A Specified Illness Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Specified Illness

100%

28%

60

                                                                                                           

Savings

The Savings contract typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback ' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Renewal

Clawback Period (Months)

Savings

5.5%

0.5%

5.5%

48

                                                                                                                   

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Renewal

Clawback Period (Months)

Regular Premium PRSA

17.5%

0.5%

5%

48

                                                                                                                      

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

 

Product

Initial %

Recurring Commission %

Personal Retirement Bond

5%

0.75%

                                                                                                     

Mortgage Protection

A Mortgage Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Mortgage Protection

100%

28%

60

                                                                                                  

Income Protection

An Income Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Income Protection

120%

30%

60

                                                                                                             

Investment

An Investment Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

 

Product

Initial %

Recurring Commission %

Investments

5%

0.5%

                                                                              

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial Commission as outlined below.   Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Renewal

Clawback Period (Months)

Regular Premium pension

17.5%

0.5%

5%

48

Single premium pension

5%

0.75%

-

-

                                                                                                                                                                               

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

ARF

5%

0.75%

                                                                                                        

Annuity

The Annuity contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Annuity

3%

 

                                       

                                       

Independent Trustee Company Limited

 

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.   Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product

Initial %

PRSA

2%

                                               

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Personal Retirement Bond

2%

                                                          

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below.   may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

ARF

2%

                                            

 

Newcourt Retirement Funds Managers

 

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.   Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

 

Product

Initial %

Recurring Commission %

PRSA

2%

0.25%

                                               

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Personal Retirement Bond

2%

0.25%

                                                          

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below.   may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

ARF

2%

0.25%

                                            

                                                                           

New Ireland Assurance Company plc

 

Term Life Protection

A Term Life Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Term Protection

225%

50%

60

                                                                                                        

Single Premium PRSA

Product

Initial %

Recurring %

Clawback Period

Single Premium PRSA

7%

0.5%

60

                                                                                                  

Specified Illness

A Specified Illness Product provides for an initial commission as outlined below.   policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Specified Illness

225%

50%

60

                                                                                                           

Savings

The Savings contract typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ' clawback ' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Renewal

Clawback Period (Months)

Savings

10%

0.5%

2.5%

60

                                                                                                             

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Renewal

Clawback Period (Months)

Regular Premium PRSA

25%

0.5%

6%

60

                                                                                                                                                                            

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

PRB

5%

1%

60

                                                                                            

Mortgage Protection

A Mortgage Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Mortgage Protection

225%

50%

60

                                                                                                                   

Income Protection

An Income Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Income Protection

225%

50%

60

                                                                                                             

Investment

An Investment Product typically provides for an Initial Commission as outlined below.   may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Investments

4%

1%

36

                                                                                  

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial Commission as outlined below.   Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Renewal

Clawback Period (Months)

Regular Premium pension

25%

1%

8%

60

Single premium pension

5%

1%

-

60

                                                                                                                                                                                    

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

ARF

5%

1%

                                                                      

Annuity

The Annuity contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Annuity

3%

 

 

                                         

Royal London Insurance DAC

 

Whole of Life Protection

The Whole of Life Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Whole of Life

200%

36%

60

                                                                                                     

Term Life Protection

A Term Life Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Term Protection

200%

36%

60

                                                                                                           

Specified Illness

A Specified Illness Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

 

 

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Specified Illness

225%

36%

60

                                                                                                           

Mortgage Protection

A Mortgage Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Mortgage Protection

200%

36%

60

                                                                                                                   

Income Protection

An Income Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Income Protection

225%

60%

60

                                                     

                                                                              

Standard Life International DAC

 

Single Premium PRSA

Product

Initial %

Recurring %

Single Premium PRSA

5%

0.5%

                                                                              

Savings

The Savings contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ' clawback ' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Savings

15%

1%

60

                                                                                            

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Renewal

Regular Premium PRSA

5%

0.5%

5%

                                                                                                                   

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Personal Retirement Bond

5%

1%

 

Investment

An Investment Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Investment

4%

1%

                                                                

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Renewal

Clawback Period (Months)

Regular Premium pension

25%

1%

8%

60

Single premium pension

5%

1%

-

48

                                                                                                                                                                                    

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

ARF

4%

1%

                              

                              

Wealth Options

 

Personal Retirement Savings Account

A Personal Retirement Savings Account or PRSA typically provides for an Initial (upfront) Commission as outlined below with certain restrictions around PRSA’s. Brokerages may also agree with a client to allow for a provide a Fund Based/Recurring commission/fee that is based on the performance of the fund the client is invested in, again with certain restrictions. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product

Initial %

Trail %

PRSA

0.5%

0.5%

 

Personal Retirement Bond

The Pension Retirement Bond typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based commission/fee that’s based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product

Initial %

Trail %

Fund Based %

Personal Retirement Bond

3%

1%

1%

 

Investments

An Investment Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a provide a Fund Based/recurring commission/fee that is based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product

Initial %

Trail %

Fund Based %

Investments

3%

1%

1%

 

Approved Retirement Fund

An ARF Product typically provides for an Initial (upfront) Commission as outlined below. Brokerages may also agree with a client to allow for a Fund Based/Trail recurring commission/fee that is based on the performance of the fund the client is invested in. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Trail %

Fund Based %

ARF

3%

1%

1%

 

 

Zurich Life Assurance plc

 

Whole of Life Protection

The Whole of Life Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Whole of Life

90%

18%

12

                                                                                                     

Term Life Protection

A Term Life Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Term Protection

170%

12%

12

                                                                                                           

Single Premium PRSA

Product

 

Initial %

Recurring %

Single Premium PRSA

 

5%

0.75%

                                                      

Specified Illness

A Specified Illness Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Specified Illness

100%

12%

12

                                                                                            

Savings

The Savings contract typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ' clawback ' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Renewal

Clawback Period (Months)

Savings

10%

0.5%

1%

48

                                                                                                             

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Renewal

Clawback Period (Months)

Regular Premium PRSA

30%

0.75%

5%

48

                                                                                                                                                                         

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Personal Retirement Bond

5%

0.5%

                                                                                          

Mortgage Protection

A Mortgage Protection Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Mortgage Protection

170%

40%

12

                                                                                                                   

Investment

An Investment Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Investment

5%

0.5%

                                                                                       

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial Commission as outlined below.   Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Renewal

Clawback Period (Months)

Regular Premium pension

20%

0.5%

3%

48

Single premium pension

5.5%

0.5%

-

-

                                                                                                                            

 

Group Life Protection

 

Product

Initial %

Recurring Commission %

Group Life

6%

6%

                                                                                       

Group Income Protection

 

Product

Initial %

Recurring Commission %

Group Income Protection

12.5%

12.5%

 

 

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

ARF

5%

0.5%

 

Cancer Cover

A Cancer Cover Product provides for an initial commission as outlined below.  These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support.  If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Recurring Commission %

Clawback Period (Months)

Cancer Cover

100%

12%

12

                                                                                                        

Annuity

The Annuity contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to 'clawback' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

Product

Initial %

Annuity

3%

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Giblin Financial Services Limited is regulated by the Central Bank of Ireland.  Registered Company No: 626958, private company limited by shares.

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