Hi I have a small personal pension with IL. I have decided on an basic single life annuity where I will draw down 25% and have a monthly fixed amount at, quoted 4.8% at just under €600 a month. Is it worth shopping around and if so how much does a independent financial advisor cost or what commission is involved. With the IL quote I just need to fill in the paperwork.

It absolutely is worth shopping around. Annuity rates vary. Ask the IFA what charges or commission would apply, and remember that commission disclosure is mandatory and that ILAC aren't volunteers!

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Pension maturity and next step.

03-04-2025 03:19PM

#1

Paddy L Kelly

Registered Users, Registered Users 2 Posts: 1 ✭

Join Date: April 3

Posts:

Hi
I have a small personal pension with IL.
I have decided on an basic single life annuity where I will draw down 25% and have a monthly fixed amount at, quoted 4.8% at just under €600 a month.
Is it worth shopping around and if so how much does a independent financial advisor cost or what commission is involved.
With the IL quote I just need to fill in the paperwork.

0

Best Answer

#1 04-04-2025 10:46AM

Henry Ford III

Moderators, Business & Finance Moderators Posts: 17,943 Mod ✭✭✭✭

Join Date: January 2006

Posts: 17598

It absolutely is worth shopping around.
Annuity rates vary.
Ask the IFA what charges or commission would apply, and remember that commission disclosure is mandatory and that ILAC aren't volunteers!

1