They're locked out of the money markets because they're under heavy financial sanctions from the developed countries. Russia was in the EM index until 2022 when MSCI declared it "uninvestable".
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Royal London Ireland enters Personal Retirement Savings Account market
- Thread starter ronaldo
- Start date
Unfortunately I am aware of that, i had a small investment in a Russian focused ETF that is now worthless since 2022. Have to wait for putin to exit stage left
Just looking for some advice. I'm being recommended a Royal Ireland PRSA but the amc for each fund is 1.45%-1.5%. I don't mind paying fees but they do seem high. Also, when looking at the funds and performance relative to Aviva or say, Standard Life, they don't seem to have performed as strongly, either over 3 or 5 years. I might be wrong but any advice appreciated.
balders93
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That's wildly high. See post #36 in this thread and change broker.
Dave Vanian
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Royal London have a big choice of charging structures and the broker decides which one to use. 1.45% to 1.5% product is at the dearer end of the range. Ask the broker to confirm how much they're getting paid - both up-front and on an ongoing basis. Then decide if the service you're receiving - now and in the future - is worth it.
Hard to comment on this without knowing which funds you're comparing. Anyway, past performance is not a guide to future returns.
Thanks all, much appreciated! It seems that even with a base commission of .65%, they are charging through the nose. Would .9% with full allocation seem reasonable? I'm conscious that over 20 years, every .1% has a significant impact on my meagre future pension. Thanks again.
I presume by "full allocation" you mean that 100% of your money is invested and there's no cut taken out of that? In my opinion, if it's execution only then probably it's probably not a great deal but if it's with full advice and hand holding then it's probably a decent enough deal.
Dave Vanian
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Hard to say without knowing how much you'll be putting into the PRSA. At 0.9% annual charge the broker will be getting up-front commission, ongoing trail commission or both. Commission is calculated in percentages. So if you're putting in €100 per month, the commission will be modest enough. If you're putting in €5,000 per month, the same percentage commission will be a sizeable sum for the broker.
I think a clearer way of evaluating this would be...
- What work is the broker doing at the start?
- How much commission is the broker getting upfront? Do you think that 2 is justified by 1?
- What work is the broker proposing to do for you on an ongoing basis?
- How much ongoing commission will the broker be getting? Do you think 4 is justified by 3?
0.60% to 0.75% here on an execution only basis for example:
Products | Execution-Only.ie
www.execution-only.ie
As mentioned above, past performance is no guide to future returns. And relative performance differentials can arguably largely be eliminated if you choose suitable low cost passive index trackers rather than actively managed funds.
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I think so.
I see that Royal London's UK ProfitShare bonus for 2026 will be 0.15% for UK policyholders as it has been for the previous 6 years.
adviser.royallondon.com
So hopefully Royal London Ireland's ValueShare bonus will be similar or maybe the same 0.13% that they paid in the last 3 years here.
www.royallondon.ie
ProfitShare - Royal London for advisers
Find out more about ProfitShare with Royal London. We are a mutual. We share our profits with qualifying customers. Find out more about ProfitShare today.
adviser.royallondon.com
ValueShare - Royal London IE
Here you'll find out about our unique ValueShare feature. As well as providing you with excellent products, a range of investment options and good service, we also will aim to give your savings a potential boost. This is called ValueShare.
www.royallondon.ie
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If/when they do pay a ValueShare bonus it's a pity that it will probably be on valuations depressed due to global events in recent weeks/months. I've been keeping an eye on my RLI PRSA valuation recently and it's sobering stuff. But I'm sticking with my passive (MCSI World Index) tracker approach and not making any changes and am in the fortuitous/privileged position that I can deal with such volatility.
balders93
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The order of things happening doesn't matter. A 0.13% valueshare bonus and then MSCI World Index dropping 5%, leaves you at the same position as MSCI World Index dropping 5% then receiving a 0.13% bonus. It's 1.0013*0.95 either way.
balders93
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It's reinvested
balders93
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Percentage rises and falls are commutative.
X*a*b = X*b*a
Where a = 1.0013 for a value share bonus of 0.13%
and b = 0.95 for an MSCI World Index fall of 5%