Our Fees

Our Remuneration

We, Forsythe Financial Planning act as an 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. In relation to investment & pension products, when assessing products we will consider the different approach taken by product providers in terms of them integrating sustainability risks into their product offering. This will form part of our analysis for choosing a product provider. 


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 lifespan 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 

We advise on a fee basis. Our fees are set out below for advisory services


Financial Planning including 1) Discovery Call 2) Fact-Find meeting in person /virtual 3) Needs Analysis/Research 4) Personal Financial Report - €500.00

Note: If you instruct us to implement new business within 30 days of the invoice date then we may waive this fee.


Financial Advice: Advice on pension, investment and financial protection queries or general queries such as redundancy/termination packages, pension adjustment orders, employer pensions, overseas pensions, additional voluntary contributions, financial compensation orders and any other related financial query. - €150.00 per hour subject to a  minimum fee of €150.00.

Note: If you instruct us to implement new business within 30 days of the invoice date then we may waive this fee


The firm may also be remunerated by fee by the product producer as per the below. 


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 Click on a link below to access a list of the providers that our firm deals with, which for ease of reference is in alphabetical order. 


Life Insurance Providers 


Aviva Click here to view details 

Irish Life Click here to view details 

New Ireland Click here to view details 

Royal London Click here to view details 

Zurich Click here to view details 


CP116 - Commission Information


Lender Providers - No providers currently dealt with


Investment Article 3/MIFID Providers


BCP Asset Management Click here to view details 

Bespoke Investments  Click here to view details 

Blackbee Investments Ltd Click here to view details 

Greenman Click here to view details 

Wealth Options Click here to view details 


General Insurance Providers  - No providers currently dealt with.

Scroll to Top Call Now ButtonCALL US NOW