I wonder if any of you have experience of this?
I have a PRSA with BOI for the last several years.
It had been performing badly, even prior to the economic downturn.
I had been looking (via a broker) of changing my PRSA from BOI to Eagle Star. It seems that it was very difficult to do this.
That broker has now left his position, and I don't have any other contact in the company he was working for (BOI private banking, who actually, I don't think are interested in me any more, as my income has dropped dramatically, as a self employed person, over the last while).
Does anyone know how easy it actually is to transfer a PRSA from one company to another? Are there normally penalties associated with this? From my broker, it seemed that there is, but I had thought that PRSAs could be moved relatively easily?
I presume that this has to be done via a broker?
I haven't been able to afford to put any money into the PRSA for the last several months, but will need to review this prior to the end of the next tax year.
Thanks for any thoughts
Nicola
I have a PRSA with BOI for the last several years.
It had been performing badly, even prior to the economic downturn.
I had been looking (via a broker) of changing my PRSA from BOI to Eagle Star. It seems that it was very difficult to do this.
That broker has now left his position, and I don't have any other contact in the company he was working for (BOI private banking, who actually, I don't think are interested in me any more, as my income has dropped dramatically, as a self employed person, over the last while).
Does anyone know how easy it actually is to transfer a PRSA from one company to another? Are there normally penalties associated with this? From my broker, it seemed that there is, but I had thought that PRSAs could be moved relatively easily?
I presume that this has to be done via a broker?
I haven't been able to afford to put any money into the PRSA for the last several months, but will need to review this prior to the end of the next tax year.
Thanks for any thoughts
Nicola