Yes, and I wonder what the real charges are there as wellNew Ireland are also offering executive master trust pensions with annual management fees from 0.5% to 1%
If employer contributions to PRSAs are to become unlimited in the New Year and PRSAs also don’t have the limits based on final salary that executive pensions suffer from, I wonder what the benefit of master trust pensions will be to company Directors?
Employer limits are still very generous and in most cases it is not an issue on going over them. A lot of company director's pensions are underfunded anyway, with them going years of not making any contributions while they are establishing the business.If employer contributions to PRSAs are to become unlimited in the New Year and PRSAs also don’t have the limits based on final salary that executive pensions suffer from, I wonder what the benefit of master trust pensions will be to company Directors?
I am yes, it was more because I noted the variability of the charge that it sparked my interest.@PensionPlans
Are you referring to the charges on a one person MT scheme?
@so-crates
I presume you're in a large scheme with a lot of members?
There is no disclosure requirement on Occupational Pension Schemes or Executive Pension Master Trust.
Gerard
www.prsa.ie
I am yes, it was more because I noted the variability of the charge that it sparked my interest.
@GSheehy@PensionPlans
Are you referring to the charges on a one person MT scheme?
@so-crates
I presume you're in a large scheme with a lot of members?
There is no disclosure requirement on Occupational Pension Schemes or Executive Pension Master Trust.
Gerard
www.prsa.ie
There are still surrender penalties on my policy but again the suggestion is that these would be waived if I'm transferring to the same providers master trust scheme.
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