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Yes agreed so it looks like it's prudent to split anything over 100k into multiple institutions

But why introduce the 100k limit then ? Why just not say everything is guaranteed.

If a large bank fails then then deposit guarantee isn't large enough in any country to cover that so then it would fall upon the govt to cover the losses

People are always on this forum and others complaining about lack of customer service, money getting lost etc. I wouldn't put my money anywhere that doesn't have a physical bank in this country By using a foreign online bank then you are at the mercy of that banks government being able to...

I dont like those online neo banks as i prefer bricks and mortar for peace of mind

so what do people do with more than 100k ? open multiple accounts and pay fees on each ?

Is it safe to hold more than 100k on deposit with a pillar bank? Or is it recommended to open multiple current accounts

most of these calculators talk about having a pension pot so large that you can have a safe withdrawl rate and the fund itself will last forever. I dont see the point of this, no one will live forever and you would end up leaving a massive amount of money after you

Hi all Hoping to get some advice / opinions on my financial situation 110k per year, maxing pension contributions. Currently 160k in pensions so plating catch up with this , currently invested in passive equity fund Mortgage free, married with one child, 40k set aside for child's education...

so you called them up and spoke to a person ? or do you mean you contacted them via the app and waited several days for a response

why so? if you have an issue then it takes ages to contact them

Thats definetely not the case, i transferred money to multiple different accounts and none of them were the source of the funds I closed my bunq account, im done with these neo banks , just dont trust them

Investment trusts

Yeah that's fine but my point is that she was full sure my fund was charging an AMC on top of the 0.65% but in fact it isn't, the 0.65% is the AMC and there are zero other charges My fund is 120k, hardly big enough to be getting extra good terns

Yeah I'm just going to leave the policy where it is, thanks

Yeah I told her the fund charge was 0.65% and she said she was 100% sure there would be an AMC on top of that as Irish life are very expensive. I dug through the policy this morning and it says the AMC is 0.65 and there are no other charges.

My current charges are 0.65% with no extra charges, she doesn't seem to believe that there isn't other charges.

Hi all Have a pension with Irish life from an old employer invested in a passive equity fund that's doing well. I was thinking of moving it to a PRB and had a chat with a financial advisor today. She told me that the fees on a company policy would be higher than a PRB, this is the opposite what...

And is it possible to cash in the whole pension at 50? I have seen lots of sites say you can only take the 25% tax free part and must invest the rest in annuity or arf What If I wanted to draw the whole thing down at 50 as taxable , let's say I had a cash emergency

Ok thanks for that