Royal London Ireland enters Personal Retirement Savings Account market

[Corola]

Your PRSA is worth €1M. You get a bonus of 0.13% = €1,300. Now your PRSA is worth €1,001,300.

The market falls 10%. Your PRSA is worth 1,001,300 * 90% = €901,170

---

Your PRSA is worth €1M. The market falls 10%. Now your PRSA is worth 1,000,000 * 90% = €900,000

You get a bonus of 0.13% = €1,170. Your PRSA is worth 900,000 + 1,130 = €901,170

 

[Corola]

Either way you're still being awarded 0.13% more units of the MSCI World fund that you didn't have before, it doesn't matter what the valuation on that specific date is.

 

[Fortune]

bonus is worth €1,300.

But if the PRSA then falls by 10%, as in your example, the bonus is then worth €1,170.

The order makes no difference; the bonus just buys you more units.

 

[GSheehy]

maybe the same 0.13% that they paid in the last 3 years here.

Very likely that this will be the case.

 

[GSheehy]

0.13% confirmed.

Will be automatically added to eligible policies.

 

[ClubMan]

0.13% confirmed.

Will be automatically added to eligible policies.

Received a communication from my broker confirming this and clarifying that RLI will contact me soon to confirm when in April the bonus will be applied to my PRSA.

 

[ronaldo]

Irish arm of Royal London more than doubles sales of pension products amid PRSA boom –

The Irish Times https://www.irishtimes.com/business...les-sales-of-pension-products-amid-prsa-boom/