Our Remuneration
We, Capital Options Ltd 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.
How we are paid for the professional expertise we provide to you our client.
Financial Services: Investment Intermediary and Insurance Intermediary
We will be remunerated for the financial services we offer you our client, in a number of ways:
- By commission, fee, and other types of remuneration earned from Insurers and Product Producers to whom orders are transmitted.
- This payment is earned by us for the work we undertake on behalf of the Insurer and/or Product Producer and by you our client as we offer advice and facilitate transactions on your behalf with the Insurers and Product Producers
What is Commission?
Commission is the payment which may be earned by us for the work we undertake on behalf of the Insurer and/or Product Producer and by you our client as we offer advice and facilitate transactions on your behalf with the Insurers and Product Producers. Commission is usually paid as a percentage of the premium paid or amount invested.
Types of Commission Payments
| Name of Commission Payment | Description of Commission Payment |
|---|---|
| Single Commission Payment | payment is based on a percentage of the premium paid/amount invested. |
| Initial Commission Payment | payment is based on a percentage of the premium paid/amount invested. |
| Trail Commission Payment | payment is based on a percentage of the underlying value of the investment. |
| Renewal Commission Payment | payment is made at intervals throughout the term of the policy or product, usually a percentage of the premium paid. |
| Indemnity Commission Payment | payment is made before the commission is deemed to be earned, so in advance. Indemnity commission may be subject to a clawback* (obligation to repay unearned commission previously paid) should a client lapses or cancels the product before the commission is deemed to be earned. |
How might the various forms of Commission apply to the different products?
Life Assurance Company: Life Assurance, Investments and 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, flat commission 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.
- Life Assurance products fall into either individual or group protection policies and Investment/Pension products would be either single or regular contribution policies. Examples of products include Life Protection, Regular Premium Life Assurance Investments, Single Premium (lump sum) Insurance-based Investments, and Single Premium Pensions.
Product Producer: Investments and Pension Products
- 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.
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.
What is a Fee?
- A fee is a payment for professional services and expertise.
- A fee can be paid by our client directly for the professional services we provide. The amount of any fee will be discussed and agreed, with our client, in advance of all transactions
and/or
- Our Clients have the option to pay for the professional services we provide by way of a combination of commission and fees which we will discuss and agree in advance of all transactions.
Other types of payment/remuneration
- We may earn a non-monetary benefit which we will only accept if it enhances the quality of our service to you our client. For example: attendance at a product seminar.
- 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.
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 upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Term Protection | 150% | 25% | 100% | 100% | – | – | – |
Specified Illness
A Specified Illness Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Specified | 150% | 25% | 100% | 100% | – | – | – |
Savings
A Savings Product typically provides for an Initial (upfront) Commission as outlined below. 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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| Savings | 5% | 1% | 3% | 1% | 5% | 4% | 3% | 2% |
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’s 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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRSA | 5% | 1% | 5% | 1% | 5% | 3% | 2% | 1% |
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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRB | 5% | 1% | – | 1% | 5% | 4% | 3% | 2% |
Mortgage Protection
A Mortgage Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Mortgage Protection | 150% | 25% | 100% | 100% | – | – | – |
Income Protection
An Income Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Income Protection | 200% | 10% | 100% | 100% | – | – | – |
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’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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| Investments | 5% | 1% | – | 1% | 5% | 4% | 3% | 2% |
BCP
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’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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| Investments | 3% | – | 0.5% | – | – | – | – | – |
Davy Select
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’s 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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRSA | 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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRB | 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’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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| 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’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 % | Trial % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|
| ARF | 3% | 1% | 1% | – | – | – | – |
Investec Europe Limited
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’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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| Investments | 2.5% | – | – | – | – | – | – | – |
Irish Life Assurance plc
Whole of Life Protection
The Whole of Life Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Whole of Life | 100% | 0.15% | 100% | 100% | 100% | 100% | 100% |
Term Life Protection
A Term Life Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Term Protection | 100% | 0.15% | 100% | 100% | 100% | 100% | 100% |
Specified Illness
A Specified Illness Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Specified | 100% | 0.15% | 100% | 100% | 100% | 100% | 100% |
Savings
A Savings Product typically provides for an Initial (upfront) Commission as outlined below. 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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| Savings | 5% | 1% | 16.5% | 1% | 5% | 4% | 3% | 2% |
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’s 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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRSA | 5% | 1% | 5% | 1% | 5% | 3% | 2% | 1% |
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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRB | 5% | 1% | – | 1% | 5% | 4% | 3% | 2% |
Mortgage Protection
A Mortgage Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Mortgage Protection | 100% | 0.15% | 100% | 100% | 100% | 100% | 100% |
Income Protection
An Income Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Income Protection | 120% | 0.06% | 100% | 100% | – | – | – |
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’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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| Investments | 5% | 1% | – | 1% | 5% | 4% | 3% | 2% |
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’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 % | Fund Based % | Trial % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|
| ARF | 5% | 1% | 1% | 5% | 4% | 3% | 2% |
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’s 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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRSA | 3% | 1% | – | 1% | – | – | – | – |
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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRB | 3% | 1% | – | 1% | 5% | 4% | 3% | 2% |
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’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 % | Fund Based % | Trial % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|
| ARF | 3% | 1% | 1% | – | – | – | – |
New Ireland Assurance Company plc
Term Life Protection
A Term Life Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Term Protection | 225% | 50% | 100% | 100% | – | – | – |
Specified Illness
A Specified Illness Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Specified | 225% | 50% | 100% | 100% | – | – | – |
Savings
A Savings Product typically provides for an Initial (upfront) Commission as outlined below. 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 % | Renewal % | Trial % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| Savings | 5% | – | 1% | 1% | 5% | 4% | 3% | 2% |
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’s 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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRSA | 5% | 1% | 5% | 1% | 5% | 5% | 3% | 1% |
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 % | Trial % | Fund Based % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRB | 5% | 1% | 1% | – | 5% | 4% | 3% | 2% |
Mortgage Protection
A Mortgage Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Mortgage Protection | 225% | 50% | 100% | 100% | – | – | – |
Income Protection
An Income Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Income Protection | 225% | 50% | 100% | 100% | – | – | – |
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’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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| Investments | 5% | 1% | 2.5% | 1% | 5% | 5% | 5% | 2% |
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’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 % | Fund Based % | Trial % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|
| ARF | 5% | 1% | 1% | 5% | 5% | 5% | 2% |
Royal London Insurance DAC
Whole of Life Protection
The Whole of Life Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Whole of Life | 200% | 36% | 100% | 100% | 100% | 100% | 100% |
Term Life Protection
A Term Life Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Term Protection | 200% | 36% | 100% | 100% | 100% | 100% | 100% |
Specified Illness
A Specified Illness Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Specified Illness | 200% | 36% | 100% | 100% | 100% | 100% | 100% |
Mortgage Protection
A Mortgage Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Mortgage Protection | 200% | 36% | 100% | 100% | 100% | 100% | 100% |
Income Protection
An Income Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Income Protection | 200% | 60% | 100% | 100% | 100% | 100% | 100% |
Standard Life
Savings
A Savings Product typically provides for an Initial (upfront) Commission as outlined below. 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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| Savings | 5% | 1% | 1% | 1% | 5% | 4% | 3% | 2% |
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’s 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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRSA | 5% | 1% | 5% | 1% | – | – | – | – |
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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRB | 5% | 1% | – | 1% | 5% | 5% | 5% | 2% |
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’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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| Investments | 5% | 1% | 0.25% | 1% | 5% | 5% | 5% | 2% |
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’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 % | Fund Based % | Trial % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|
| ARF | 5% | 1% | 1% | 5% | 5% | 5% | 2% |
Zurich Life
Whole of Life Protection
The Whole of Life Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Whole of Life | 90% | 18% | 100% | 100% | – | – | – |
Term Life Protection
A Term Life Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Term Protection | 100% | 12% | 100% | 100% | – | – | – |
Specified Illness
A Specified Illness Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Specified | 100% | 12% | 100% | 100% | – | – | – |
Savings
A Savings Product typically provides for an Initial (upfront) Commission as outlined below. 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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| Savings | 10% | 0.005% | 1% | – | 5% | 3% | 2% | 1% |
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’s 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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRSA | 5% | 1% | 5% | 1% | 5% | 5% | 3% | 1% |
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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| PRB | 5% | 1% | – | 1% | 5% | 4% | 3% | 2% |
Mortgage Protection
A Mortgage Protection Product provides for an initial upfront 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 % | Renewal % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 | Clawback Yr. 5 |
|---|---|---|---|---|---|---|---|
| Mortgage Protection | 140% | 40% | 100% | 100% | – | – | – |
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’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 % | Trial % | Renewal % | Fund Based % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|---|
| Investments | 5% | 1% | 0.5% | 1% | 5% | 4% | 3% | 2% |
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’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 % | Fund Based % | Trial % | Clawback Yr. 1 | Clawback Yr. 2 | Clawback Yr. 3 | Clawback Yr. 4 |
|---|---|---|---|---|---|---|---|
| ARF | 5% | 1% | 1% | 5% | 4% | 3% | 2% |
Disclaimer
Capital Options Ltd is regulated by the Central Bank of Ireland.
All content provided in these blog posts is intended for information purposes only and should not be interpreted as financial advice. You should always engage the services of a fully qualified independent financial adviser before entering any financial contract. Capital Options Ltd will not be held responsible for any actions taken as a result of reading these blog posts.