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AVC for public sector

  • 01-02-2021 09:40AM
    #1
    Beau
    Registered Users, Registered Users 2 Posts: 1,095 ✭✭✭


    Hi,

    I'm helping my wife setup an AVC to supplement her public service pension (post 2013). Via her union she was put in touch with Cornmarket who have a pension with a management fee of 1% and a one off broker fee of €595. That seems a lot for such a large group scheme? Has anyone any experience with AVC/PRSA and how the fees compare?

    Thanks
    Beau


Comments

  • #2
    AndrewJRenko
    Site Banned Posts: 33,931 ✭✭✭✭AndrewJRenko


    Do you or she need financial advice, or do you know what you're doing?

    If you know what you want, try https://www.labrokers.ie/


  • #3
    Geuze
    Registered Users, Registered Users 2 Posts: 14,895 ✭✭✭✭Geuze


    This has often been discussed here and on AAM.

    Search for threads.


  • #4
    bilbot79
    Registered Users, Registered Users 2 Posts: 2,173 ✭✭✭bilbot79


    Check the scheme rules. I did and my wife's scheme rules said that Irish Life Trustees managed the AVCs so we contacted them and got her set up


  • #5
    The J Stands for Jay
    Registered Users, Registered Users 2 Posts: 5,918 ✭✭✭The J Stands for Jay


    bilbot79 wrote: »
    Check the scheme rules. I did and my wife's scheme rules said that Irish Life Trustees managed the AVCs so we contacted them and got her set up

    Doesn't mean you have to go with Irish Life (who own Cornmarket).


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