Low Cost
Benny,
I won't re-ignite the "is 5% low cost?" debate. You can read that on other threads. I don't think it is low cost for the reasons I went into on the other threads.
As for whether the established players will drop their contribution fees, you may be right, they may not.
But... PRSA's are not like ordinary personal pensions. Even if you set up with a 5% provider, you can switch, and what I said was, when word of this option gets out, as of course it will over time, then the 5% brigade may have to deal with it.
I don't know if I'm right.
-Rd