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In recent times, it has become possible for teachers, nurses, civil servants etc., to take out AVCs with any provider or broker they choose, when before they were restricted to one broker and provider. Such a stand-alone AVC must be a PRSA.
Hi RAIPI,So called 'stand alone' PRSAs are legally founded on sand
Hi I am a TUI member and took out a AVC through Marsh.
I would like some comment on the management fees that this service incurrs.
Irish Life :
Fixed charge 3 € per month = 36 €
Regular contribution 1.90%
Once off contribution 0.95%
Marsh Financial Service Charge
Total contributions 5%
- How does this compare with our AVC plans?
I'd imagine that it is quite high.
Could I change the provider of my AVC, by transferring the existing amount to somewhere else with lower administration charges etc?
Thanks,
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