It looks like a Hibernian/Aviva product structure and you have invested a single premium that has more than 10 years to go to normal retirement age.
If you invested €10,000, the amount applied to your policy is €10,050. Sound great, but if you tried to transfer your fund to some other provider in the first 5 years you would probably get hit with an exit penalty of between 1% + 5% of your original investment.
If you were paying a regular/single contribution to this type of pension product and you had just 5 years to go to retirement, your allocation rate would be 95% for each contribution + perhaps an exit penalty also, if you wanted to move it.
As Brendan says, the charging structures can be complicated and IMHO are not designed with the end consumer in mind.
One of these days the product providers will wake up to the realisation that these charging structures do not make for a profitable + sustainable business model, as money is moved around from Billy to Jack to 'get' higher allocation rates every few years. This will lead to higher management charges or else they they will just 'cannibalise' themselves.
These structures also encourage intermediaries to move the business around the market and get paid (again)for doing it.