Our Remuneration
We, WP O’Reilly & Associates Limited act as Intermediary 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 Remuneration?
Remuneration is the payment earned by the intermediary for work undertaken on behalf of both the provider and the consumer. The amount of remuneration is generally directly related to the value of the products sold.
What is Commission?
Commission is payment that may be earned by an intermediary for work undertaken for both provider and consumer.
There are different types of remuneration and different 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, 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.
Credit Products/Mortgages
Commission may be earned by intermediaries for arranging credit for consumers, such as mortgages. The single, or standard, commission model is the most common commission model applied to the sale of mortgage products by mortgage credit intermediaries (Mortgage Broker).
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, admin fee, or in the case of investment firms, advisory fees. WP O’Reilly & Associates Ltd may apply a Subscription fee for Greenman Investments. WP O’Reilly & Associates Ltd may apply an administration fee when applying for a mortgage on your behalf. The fee is €400 in total, €200 when applying for the mortgage and €200 on completion of the mortgage.
Preferred Provider Rate
WP O’Reilly & Associates Limited has selected one preferred product producer, Irish Life Assurance plc, for life insurance plans (including life assurance, specified illness cover, income protection, unit linked savings, investments, retirement plans, tracker bonds and Personal Retirement Savings Accounts (PRSAs).
Other Fees, Administrative Costs/ Non-Monetary Benefits
The firm may also be in receipt of other fees, administrative costs, or non-monetary benefits such as: Assisting with Advertising and 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 Life & Pensions Ireland Limited
- BCP Asset Management DAC
- Bastow Charleton Wealth Management Ltd
- Cantor Fitzgerald Ireland Ltd
- Conexim Advisors Limited
- Greenman Investments
- Friends First Life Assurance Company DAC
- Independent Trustee Company Ltd
- Irish Life Assurance plc (Preferred Provider)
- J & E Davy
- Newcourt Retirement Fund Managers
- New Ireland Assurance Company
- Phoenix Ireland
- Standard Life Assurance Company
- The Royal London Mutual Insurance Society Ltd
- Wealth Options Ltd
- Zurich Life Assurance plc
Mortgage Providers
- Finance Ireland Credit Solutions DAC
- Haven Mortgages Ltd
- ICS Dilosk
- KBC Bank Ireland plc
- Permanent TSB plc
Aviva Life & Pensions Ireland Limited (Friends First Life Assurance Company DAC)
Standard Commission Terms
Flexible Protection, Mortgage Protection Plan, Personal and Executive Pension Term Assurance
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 + |
22% - 150% | 3% - 22% | 3% - 22% | 3% - 22% | 3% - 22% | 3% - 22% | 3% - 22% |
Personal & Executive Income Protection & WageProtector
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 + |
30% - 200% | 15% - 30% | 15% - 30% | 15% - 30% | 3% - 30% | 3% - 30% | 3% - 30% |
Unit Linked Products
Heritage Aviva Product | Heritage Friends Product | |||||||||||
Initial | Trail | Bullet | Initial | Trail | Bullet | |||||||
Single Contribution Pension | ||||||||||||
Default | n/a | n/a | n/a | n/a | n/a | n/a | ||||||
Max | 5% | 1% | n/a | 5% | 0.75% | n/a | ||||||
Single Contribution PRSA | ||||||||||||
Default | n/a | n/a | n/a | n/a | n/a | n/a | ||||||
Max | 4% | 0.50% | n/a | 7.50% | 0.25% | n/a | ||||||
Approved (Minimum) Retirement Funds | ||||||||||||
Default | n/a | n/a | n/a | n/a | n/a | n/a | ||||||
Max | 5% | 1% | n/a | 5% | 0.75% | n/a | ||||||
Annuities | ||||||||||||
Default | 2% | n/a | n/a | 2% | n/a | n/a | ||||||
Max | 3% | n/a | n/a | 3% | n/a | n/a | ||||||
Investment Bonds | ||||||||||||
Default | n/a | n/a | n/a | n/a | n/a | n/a | ||||||
Max | 5% | 1% | n/a | 4% | 0.75% | n/a | ||||||
Investment Only | ||||||||||||
Default | n/a | n/a | n/a | n/a | n/a | n/a | ||||||
Max | 1% | 1% | n/a | 5% | 0.75% | n/a | ||||||
Regular Contribution Pension | ||||||||||||
Default | n/a | n/a | n/a | n/a | n/a | n/a | ||||||
Max | 15% | 1% | 40% | 25% | 0.75% | n/a | ||||||
Regular Contribution PRSA | ||||||||||||
Default | n/a | n/a | n/a | n/a | n/a | n/a | ||||||
Max | 22.50% | 0.50% | n/a | 17.50% | 0.25% | n/a | ||||||
Savings Plan | ||||||||||||
Default | n/a | n/a | n/a | 10% | n/a | n/a | ||||||
Max | 15% | 1% | n/a | 10% | 0.75% | n/a | ||||||
Group Life
Yr1 | Yr2+ | |
Default | Flat commission of either 0% or 6% | 0% or 6% each year thereafter |
Max | 6% | 6% |
Group Income protection
Yr1 | Yr2+ | |
Default | Flat commission of either 0% or 12.5% | 0 or 12.5% each year thereafter |
Max | 12.5% | 12.5% |
INITIAL COMMISSION
(% OF INVESTMENT AMOUNT) |
CLAWBACK PERIOD |
TRAIL COMMISSION |
Structured products Max. 2.50%* |
n/a |
n/a |
Property Value Add Fund Max. 3.00%* |
n/a |
0.00% or 0.50% per annum |
Min 0.00% to |
||
Pension / A(M)RFs n/a | n/a | Max. 0.75%
per annum taken in increments of 0.05% |
BCP Asset Management DAC
Bastow Charleton Wealth Management Ltd
We do not currently sell products for this provider
Cantor Fitzgerald Ireland Ltd
Initial Commission
(Year 1 Max.) |
Renewal or Trail Commission | Other Commission |
2% | n/a | n/a |
Conexim Advisors Limited
Currently we sell Conexim products on an Execution Only, no commission basis.
Greenman Investments
Single Contribution Product – Investment Only
- GMO Share Classes WP1 & WP2
- Subscription Fee – Max 1%
- 5% trail per annum
- Share Class Administration Fee: 0.75% of NAV (Net Asset Value)
- Equity Financing Fee: 0.75% of Contributed Capital
- Investor Relations Maintenance Fee: 0.38% of NAV (Net Asset Value)
- Acquisition Review Fee: 0.23% of NAV (Net Asset Value)
- Clawback period: n/a
- Lock in period: 12 months
Independent Trustee Company Ltd
We do not currently sell products for this provider
Irish Life Assurance plc (Preferred Provider)
Product | Initial Commission (year 1) | Trail Commission | Renewal Commission | Other Commission | ||
Unit Linked Pension Products
Pre-Retirement (PP, PRSA, CP & PRB) |
Annual Premium | |||||
Max | 17.5%
(1st Bullet) |
0.5% trail | 5%
17.5% (Bullets X 3) |
N/A | ||
Single Premium | ||||||
Max | 5% | 0.75% | N/A | N/A | ||
Unit Linked
Pension products Post Retirement (ARF / AMRF) |
Single Premium | |||||
Max | 5% | 0.75% | N/A | N/A | ||
Guaranteed Annuity | Single Premium | |||||
Max | 3% | |||||
Investment Bonds | Single Premium | |||||
Max | 3% | 0.5% | N/A | N/A | ||
Investment Only | Single Premium | |||||
Max | 5% | 0.5% | N/A | N/A | ||
Savings Products | Annual Premium | |||||
Max | 5.5%
(1st Bullet) |
0.25% trail to year 8, 0.5% trail from year 9 | 5.5%
Bullets X 3 |
N/A |
Product | Yr1 | Additional | Renewal | |
Life Assurance | Option 1 | 140% Level | From Year 2 - 5 40% | |
140% Indexed | From Year 2 - 5 40% | From Year 6 - 12% | ||
Option 2 | 100% | From Year 2 - 5 80% | From Year 6 - 3% level | |
From Year 6 - 6% indexed | ||||
Option 3 | 25% level | From Year 2 - 9 25% | From Year 10 - 10% level | |
28% indexed | From Year 2 - 9 28% | From Year 10 - 13% indexed | ||
Option 4 | 20% level | From Year 2 - 20% level | ||
23% indexed | From Year 2 - 23% indexed | |||
Option 5 | 80% Level | From Year 2 - 12% | ||
80% Indexed | From Year 2 - 15% | |||
Default Profile | ||||
Yr1 | Additional | Renewal | ||
Income Protection | Max | 120% | From Year 2 - 5 - 60% | 3% level |
6% indexed |
Product | ||
Group Protection |
Renewal commission | |
Life | ||
Max | 6% | |
Income protection | ||
Max | 12.5% | |
Serious Illness Cover | ||
Max | 12.5% |
J & E Davy
We do not currently sell products for this provider
Newcourt Retirement Fund Managers
We do not currently sell products for this provider
New Ireland Assurance Company plc
Single contribution products
Initial Commission | Clawback Period | Trail commission per annum (p.a.) | |
Single Contribution Pension | |||
Max | 5% | 5 years | 1% p.a. |
Single Contribution PRSA | |||
Max | 7% | 5 years | 0.5% p.a. |
Approved (Minimum) Retirement Funds | |||
Max | 5% | n/a | 1% p.a. |
Annuities | |||
Max | 3% | n/a | n/a |
Single Premium Investment Policies | |||
Max | 4% | 3 years | 1% p.a. |
Regular contribution products
Initial Commission | Clawback Period | Renewal / Flat Commission | Trail Commission
per annum (p.a.) |
|
Regular Contribution Pension | ||||
Max | 25% | 5 years | 8% p.a. | 1% p.a. |
Regular Contribution PRSA | ||||
Max | 25% | 5 years | 6% p.a. | 0.5% p.a. |
Regular Premium Investment Policies | ||||
Max | 10% | 5 years | 2.5% p.a. | 0.5% p.a. |
Individual protection
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9+ |
Max | 225% | 50% | 20% | 20% | 20% | 12.5% | 12.5% | 12.5% | 12.5% |
Clawback Period | 5 years |
Group protection
Death in Service | Permanent Health Insurance | |
Year | 1+ | 1+ |
Max | 15% | 20% |
Clawback Period | 1 year | 1 year |
Phoenix Ireland
Phoenix Ireland is no longer open to New Business
Standard Life Assurance Company
Single Contribution Products
Up front commission | Clawback
Period |
Trail commission | ||||||||||||
Single Contribution Pension Max | 5% | n/a | 1% | |||||||||||
Percentage taken | ||||||||||||||
Single Contribution PRSA Max | 5% | n/a | 0.5% | |||||||||||
Percentage taken | ||||||||||||||
Approved (Minimum) Retirement Funds Max | 4% | n/a | 1% | |||||||||||
Percentage taken | ||||||||||||||
Annuities Max | 2% | n/a | n/a | |||||||||||
Percentage taken | ||||||||||||||
Investment Bonds Max | 4% | n/a | 1% | |||||||||||
Percentage taken | ||||||||||||||
Regular Contribution Pension
Regular Contribution Pension |
||||||||||||||
Initial | Clawback | Renewal | Trail | |||||||||||
commission | Period | commission | commission | |||||||||||
Max (front loaded) | 1.25% x term | 5 years* | 2% | 1% | ||||||||||
(max 25%) | ||||||||||||||
Percentage taken | ||||||||||||||
Max (level) | 5% | n/a | 5% | 1% | ||||||||||
Percentage taken | ||||||||||||||
Regular Contribution PRSA |
||||||||||||||
Max | 5% | n/a | 5% | 0.5% | ||||||||||
Percentage taken | ||||||||||||||
Savings Plan |
||||||||||||||
Funded Initial Commission* Max | 0% - 15%, | 5 years* | n/a | 1% | ||||||||||
payable as | ||||||||||||||
a lump sum | ||||||||||||||
after the first premium is paid | ||||||||||||||
Percentage taken | ||||||||||||||
Premium Based** | 0% - 15% | n/a | n/a | 1% | ||||||||||
Percentage taken | ||||||||||||||
* If the initial contributions are not maintained for 5 years, a proportion of the initial commission paid will be claimed back from your intermediary account.
**For every 1% taken there is a corresponding plan charge of 0.04% per annum. Commission is paid to you after the first premium is paid. FIC is subject to commission clawback
SINGLE CONTRIBUTION PENSION | |||
Up front commission | Clawback
Period |
Trail commission | |
Personal Pension Plus & Plan Max | 5% | n/a | n/a |
Percentage taken | |||
Executive Pension Plus Max | 1% x term (max 5%) | 4 years | n/a |
Percentage taken | |||
Corporate Pension Series Max | 5% | n/a | n/a |
Percentage taken | |||
Tower Pension Series Max | 5% | n/a | n/a |
Percentage taken | |||
|
|||
SINGLE CONTRIBUTION PRSA | |||
PRSA Max | 1% x term (max 5%) | 4 years | n/a |
Percentage taken | |||
|
|||
APPROVED (MINIMUM) RETIREMENT FUNDS | Up front commission | Clawback
Period |
Trail commission |
Synergy ARF Max | 3% | n/a | 0.5% |
Percentage taken | |||
Synergy Portfolio ARF Max | 3% | n/a | 0.75% |
Percentage taken | |||
INVESTMENT BONDS | |||
Synergy Investment Bond Max | 3% | n/a | 0.5% |
Percentage taken | |||
Synergy Portfolio Bond Max | 3% | n/a | 0.75% |
Percentage taken | |||
Moneyworks Bond Max | 3.5% | n/a | n/a |
Percentage taken | |||
Prosperity Bond Max | 3.5% | n/a | 0.5% |
Percentage taken |
REGULAR CONTRIBUTION PENSION | ||||||
Personal Pension Plus & Plan | ||||||
Initial commission | Clawback
Period |
Renewal commission | Trail commission | |||
A Max (pre 1997 PPPlans) | 3% x term
(max 60%) |
n/a | 3% | n/a | ||
Percentage taken | ||||||
B Max | 2.5% x term
(max 50%) |
n/a | 4% | n/a | ||
Percentage taken | ||||||
C Max | 2% x term
(max 40%) |
n/a | 5% | n/a | ||
Percentage taken | ||||||
D Max | 1.5% x term
(max 30%) |
n/a | 6% | n/a | ||
Percentage taken | ||||||
E Max | 1% x term
(max 20%) |
n/a | 7% | n/a | ||
Percentage taken | ||||||
F Max | 8% | n/a | 8% | n/a | ||
Percentage taken | ||||||
Executive Pension Plus | ||||||
A Max (level) | 5% | n/a | 5% | n/a | ||
Percentage taken | ||||||
B Max (initial & level) | 1.25% x term
(max 25%) |
4 years | 3% | n/a | ||
Percentage taken | ||||||
C Max (level) | 8% | n/a | 8% | n/a | ||
Percentage taken | ||||||
REGULAR CONTRIBUTION PENSION | |||||||||
Corporate Pension Series | |||||||||
Initial commission | Clawback
Period |
Renewal commission | Trail commission | ||||||
B Max | 2.5% x term
(max 50%) |
n/a | 4% | n/a | |||||
Percentage taken | |||||||||
C Max | 2% x term
(max 40%) |
n/a | 5% | n/a | |||||
Percentage taken | |||||||||
D Max | 1.5% x term
(max 30%) |
n/a | 6% | n/a | |||||
Percentage taken | |||||||||
E Max | 1% x term
(max 20%) |
n/a | 7% | n/a | |||||
Percentage taken | |||||||||
F Max | 8% | n/a | 8% | n/a | |||||
Percentage taken | |||||||||
Tower Pension Series | |||||||||
Members joining on or after
1 September 2019 (regardless of plan start date) Max |
1.25% x term
(max 25%) |
n/a | 2% | n/a | |||||
Percentage taken | |||||||||
Members who joined before
1 September 2019 on 1997+ plans Max |
2.5% x term
(max 50%) |
n/a | 4% | n/a | |||||
Percentage taken | |||||||||
Members who joined before
1 September 2019 on 1994 - 1996 plans Max |
3% x term
(max 60%) |
n/a | 3% | n/a | |||||
Percentage taken | |||||||||
Members who joined before
1 September 2019 on pre 1994 plans Max |
2.5% x term
(max 60%) |
n/a | 2.5% | n/a | |||||
Percentage taken | |||||||||
REGULAR CONTRIBUTION PRSA | |||||||||
Personal Retirement Savings Account (PRF) | |||||||||
Initial commission | Clawback
Period |
Renewal commission | Trail commission | ||||||
Max (front loaded) | 1.25% x term
(max 25%) |
4 years | 3% | n/a | |||||
Percentage taken | |||||||||
Max (level) | 5% | n/a | 5% | n/a | |||||
Percentage taken | |||||||||
Personal Retirement Savings Account (PRS) | |||||||||
Max (front loaded) | 0.63% x term
(max 12.6%) |
n/a | 3% | n/a | |||||
Percentage taken | |||||||||
Max (level) | 4% | n/a | 4% | n/a | |||||
Percentage taken | |||||||||
Personal Retirement Savings
Account (PRN) |
None | None | None | None | |||||
SAVINGS PLAN | |||||||||
Initial | Clawback | Renewal | Trail | ||||||
commission | Period | commission | commission | ||||||
Moneyworks Plan | 2.5% x term | n/a | 4% | n/a | |||||
Max | (max 50%) | ||||||||
Percentage taken | |||||||||
Capital Savings Plan | 2.5% x term | n/a | 4% | n/a | |||||
Mortgage Plan
Flexible Life Plan (post 1997 plans) Max |
(max 50%) | ||||||||
Percentage taken | |||||||||
Capital Savings Plan | 3% x term | n/a | 3% | n/a | |||||
Mortgage Plan
Flexible Life Plan (pre 1997 plans) Max |
(max 60%) | ||||||||
Percentage taken | |||||||||
Universal Life Plan | (4% x 10) + | n/a | 2.5% | n/a | |||||
(pre 1994 plans) | 2.5% x (term – | ||||||||
Max | 10) (max 90%) | ||||||||
Percentage taken | |||||||||
Universal Life Plan | 3% x term | n/a | 4% | n/a | |||||
(1994 plans) Max | (max 60%) | ||||||||
Percentage taken | |||||||||
Universal Life Plan | 3% x term | n/a | 3% | n/a | |||||
(1994 protection plans) Max | (max 90%) | ||||||||
Percentage taken | |||||||||
The Royal London Mutual Insurance Society Ltd
Individual Protection – non indemnity
Year | <Maximum>* Commission Rate Available | Clawback period (when polices cancel) |
1 | 100% |
5 years |
2 | 20% | |
3 | 20% | |
4 | 20% | |
5 | 20% | |
6 | 3% | |
7 | 3% | |
8 | 3% | |
9+ | 3% |
*This maximum commission rate includes indexation policies as well as any special offers that are currently available.
Wealth Options Limited
We do not currently sell products for this provider.
Zurich Life Assurance plc
Single contribution products (Pensions, Investments)
Up front commission | Trail commission | |
Single Contribution Pension | ||
Max | 5.50% | 0.50% |
Single Contribution PRSA (Standard) | ||
Max | 5.50% | 0.00% |
Single Contribution PRSA (Non-Standard) | ||
Max | 5.0% | 0.50% |
Approved (Minimum) Retirement Funds | ||
Max | 5.0% | 0.50% |
Annuities | ||
Max | 3.0% | N/A |
Investment Bonds | ||
Max | 5.0% | 0.50% |
Trustee Investment Plans | ||
Max | 5.0% | 0.50% |
Commission clawback:
Commission clawback typically does not apply on single contribution products
Regular contribution products (Pensions, Savings)
Initial commission | Renewal / Bullet Commission | Trail commission | |
Regular Contribution Pension | |||
Max | 20.0% | 3.0% renewal | 0.50% |
Regular Contribution PRSA (Standard) | |||
Max | 5.0% | 5.0% renewal | 0.0% |
Regular Contribution PRSA (Non-Standard) | |||
Max | 5.0% | 5.0% renewal | 0.50% |
Savings Plan | |||
Max | 10.0%% | 1.0% renewal | 0.50% |
Commission clawback:
Commission clawback applies over a 4 year period for all initial commission.
Commission clawback also applies over a 4 year period for any bullet commission noted.
Individual Protection
Guaranteed Term Protection & Guaranteed Mortgage Protection
Yr1 | 2 – 10 | 11+ | |
Max | 100% | 12% | 3% |
Commission clawback:
Commission paid in year 1 is earned over a 12 month period.
Guaranteed Whole of Life
Yr1 | 2 – 5 | 6+ | |
Max | 90% | 18% | 3% |
Commission clawback:
Commission paid in year 1 is earned over a 12 month period.
Group Protection
Group Life Cover
Yr1 | 2 | 3 | |
Max | 6.0% | 6.0% | 6.0% |
Commission clawback:
Does not apply. Commission is paid as premiums are received.
Group Permanent Health Insurance & Group Serious Illness Cover
Yr1 | 2 | 3 | |
Default | |||
Max | 12.5% | 12.5% | 12.5% |
Commission clawback:
Does not apply. Commission is paid as premiums are received.
Mortgage Providers
Finance Ireland Credit Solutions DAC
Segment type | Commission | Clawbacks | ||
0-12mths | 13-24mths | 25-36mths | ||
First-Time Buyer | 1% | 100% | 50% | 25% |
Second/subsequent Buyer | 1% | 100% | 50% | 25% |
Switcher | 1% | 100% | 50% | 25% |
Equity Release | 1% | 100% | 50% | 25% |
Residential Investment Property | 1% | 100% | 50% | 25% |
Haven Mortgages Ltd
Segment type | Commission | Clawbacks | ||
0-12mths | 13-24mths | 25-36mths | ||
First Time Buyers | 1% | 75% | 50% | 25% |
Second/subsequent
Buyer |
1% | 75% | 50% | 25% |
Switcher | 1% | 75% | 50% | 25% |
Equity Release | 1% | 75% | 50% | 25% |
ICS Dilosk
Segment type | Commission | Clawbacks | ||
0-12mths | 13-24mths | 25-36mths | ||
First-Time Buyer | 1% | 100% | 50% | 25% |
Second/subsequent Buyer | 1% | 100% | 50% | 25% |
Switcher | 1% | 100% | 50% | 25% |
Equity Release | 1% | 100% | 50% | 25% |
Residential Investment Property | 1% | 100% | 50% | 25% |
KBC Bank Ireland plc
Segment | KBC Commission | KBC Commission Clawback |
First Time Buyer | 1% | Clawback is monthly pro-rata over 36 months * |
Second and Subsequent Buyer | 1% | Clawback is monthly pro-rata over 36 months * |
Switcher | 1% | Clawback is monthly pro-rata over 36 months * |
Switcher with Equity Release | 1% | Clawback is monthly pro-rata over 36 months * |
Residential Investment Property | 1% | Clawback is monthly pro-rata over 36 months * |
*For example: Mortgage redeemed 15 months post drawdown, clawback will be 21/36 months commission etc |
Permanent TSB plc
Where any of the segment types are in arrears for a period of 90 consecutive days or more within 12 months of the date of issue of the advance, commission retrieval of 100% of the commission paid in respect of such Mortgage will apply.