I have been shopping around on the pension such as cornmarket, tried to contact Davy but no success.
I had the first finance advisor meeting about two weeks ago from irish pension and finance, the only charge is 4% allocation plus 0.75% AMC after first year, first year is 34% allcation rate + 0.75% AMC, they said this is to cover the consultation fees and it is free after that. It sounds alright since it is only 0.75% AMC.
Today I met another finance advisor from Cornmarket, so basically no allocation rate, AMC 1% below 40k, 0.75% 40k-140k and 0.5% after 140k, which can be seen from the booklet terms of business Noverber, 2023, page 6. He claims that there is no other fees. There is 4% allocation rate if it is a once off payment (such as if I put 10k inside)
Overall, this Cornmarket just look way too promising and I can't think of any other companies do offer AMC as low as 0.5%, is there a catch here I didn't see?
I had the first finance advisor meeting about two weeks ago from irish pension and finance, the only charge is 4% allocation plus 0.75% AMC after first year, first year is 34% allcation rate + 0.75% AMC, they said this is to cover the consultation fees and it is free after that. It sounds alright since it is only 0.75% AMC.
Today I met another finance advisor from Cornmarket, so basically no allocation rate, AMC 1% below 40k, 0.75% 40k-140k and 0.5% after 140k, which can be seen from the booklet terms of business Noverber, 2023, page 6. He claims that there is no other fees. There is 4% allocation rate if it is a once off payment (such as if I put 10k inside)
Overall, this Cornmarket just look way too promising and I can't think of any other companies do offer AMC as low as 0.5%, is there a catch here I didn't see?