Commissions

Commissions

We, OBF Insurance Group Ltd. act as intermediary (Broker) between you, the consumer, and the product provider with whom we place your business.

The background

Provision 4.58A of the Central Bank of Ireland's September 2019 Addendum to the Consumer Protection Code states that all intermediaries must make available in their public offices, or on their website if they have one, a summary of the details of all arrangements for any fee, commission, other reward or remuneration provided to the intermediary which it has agreed with its product producers.

What is commission?

For the purpose of this document, commission is the payment earned by the intermediary for work undertaken on behalf of both the provider and the consumer. The amount of commission is generally directly related to the quantity or value of the products sold.

There are different types of commission models:

Single commission model:Where payment is made to the intermediary shortly after the sale is completed and is based on a percentage of the premium paid/amount invested/premium amount financed.
Trail/Renewal commission model:Where further payments at intervals are paid throughout the life span of the product.
Indemnity commissionIndemnity commission is the term used to describe a commission payment made before the commission is deemed to be 'earned'. Indemnity commission may be subject to a clawback (see below) if the consumer lapses or cancels the product before the commission is deemed to be earned.

Other forms of indemnity commission are advances of commission for future sales granted to intermediaries in order to assist with set up costs or business development.

General insurance products

General insurance products, such as motor, home, travel, health, commercial or liability insurance, are typically subject to a single or standard commission model, based on the amount of premium charged for the insurance product.

Profit Share arrangements

In some cases, the intermediary may be a party to a profit-share arrangement with a product provider and will earn additional commission. Any business arranged with these product providers on a client’s behalf will be placed with the product provider because that product provider is, at the time of placement, the most suitable to meet the client’s requirements, taking all the client’s relevant information, demands and needs into account.

Life Assurance/Investments/Pension products

For Life Assurance products, commission is divided into initial commission and renewal commission (related to premium) or fund-based commission/trail commission relating to the value of the accumulated fund.

Trail commission, bullet commission, fund-based or renewal commission are all terms used for ongoing payments. Where an investment fund is being built up though an insurance-based investment product or a pension product, the payments may be based on a percentage of the value of the fund or the annual premium. For a single premium/lump sum product, the payment is generally based on the value of the fund.

Examples of products include Life Protection, Regular Premium Life Assurance Investments, Single Premium (lump sum) Insurance-based Investments, and Single Premium Pensions.

Investments

Investment firms, which fall within the scope of the European Communities (Markets in Financial Instruments) Regulations 2007 (the MiFID Regulations), offer both standard commission and commission models involving initial and trail commission. Increments may be based on a percentage of the investment management fees, or on the value of the fund.

Credit Products/Mortgages

Commission may be earned by intermediaries for arranging credit for consumers, such as insurance premium financing and mortgages. The single, or standard, commission model is the most common commission model applied to the sale of mortgage products by mortgage credit intermediaries (Mortgage Broker). OBF Insurance Group Ltd. is not a mortgage broker.

Clawback

Clawback is an obligation on the intermediary to repay unearned commission. Commission can be paid directly after a contract is concluded but is not deemed to be ‘earned’ until after a specified period of time. If the consumer cancels or withdraws from the financial product within the specified time, the intermediary must return commission to the product producer.

Fees

The firm may also be remunerated by fee by the product producer such as policy fee, administration fee, or in the case of investment firms, advisory fees. Please see the section of our website called Fees and Charges for details.

Please Note

The enclosed commission guidance section gives indicative values across every product provider and every product advised upon where a commission or fee is received by us. This is the maximum our brokerage will receive and is subject to change. We do not receive the maximum commission in every case. In a small number of one-off cases, our brokerage may receive a different remuneration than the enclosed percentages/amounts. This will be disclosed to each client as per the Central Bank Consumer Protection Code regulations, on a client by client basis.

Non-Monetary Benefits

The firm may also be in receipt of non-monetary benefits such as:

  • Attendance at product provider seminars
  • Assistance with Advertising/Branding

Further detail on the providers we work with, the products we sell and the maximum commissions available to us are outlined below.

AIC Glennon


Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Combined Traders10%
Legal Expenses10%

AIG Europe S.A


Travel Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
PA/Travel20%

Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
PI17.5%
PI Rapidcover20%
Professional Indemnity10%
Professional Indemnity20%
Professional Indemnity12%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Classic Car Scheme5%
Morris Minor20%
Motor Cycle17.5%

Personal Accident Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Personal Accident20%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
D&O, Crime, PTL, EPL, Entity Rapidcover (Bus Guard)20%
Directors and Officers17.5%
Excess Liability20%
Products Liability20%
Public Liability20%
Transit Liability20%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Fire Schedule20%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Com Comb Rapidcover20%
Crisis Management25%
Cyber20%
Excess15%
Excess Rapidcover25%
Glass20%
Instructor Vehicle20%
Livestock15%
Marine20%
Multi Risk15%
Office Rapidcover20%
Prop Own Rapidcover20%
Property Damage20%
Shops Rapidcover20%
Terrorism17.5%

Aiken Insurances Limited


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity10%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Unoccupied Properties20%

Alan Tierney & Partners Ltd


Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Combined Traders10%
Commercial Combined10%

Allianz Plc.


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission €Commission %
PFP Professional Indemnity€1919%
Professional Indemnity-20%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Motor Contingency18.78%
OGR Motor - Own Goods15%

Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Sports Policy Combined10%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
CGL Cargo Liability19%
Employers Liability20%
LIA Combined Liability10%
LIA Combined Liability - EL15%
Products Liability10%
Public Liability10%
RPL Public Liability MML5%
RPL Public Liability10%
SPL Social Public Liability15%
Transit Liability20%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Accidental Damage7.5%
Fire Only15%
Fire Schedule10%
Fire/Perils15%
Glass15%
HHR Combined House Insurance20%
HPR Personal lines household15%
HYR Holiday Home ROI5%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Apartment Block18.75%
Aviation10%
Bond10%
Bond15%
Business Interuption15%
CBR Combined Property15%
CGD Cargo Goods19%
Caravan15%
Combined Traders15%
Commercial Combined15%
Commercial Vehicle10%
Contractors Works15%
ENG Engineering15%
Engineering Business Interuption15%
Engineering Insurance Inspection15%
Fleet Insurance10%
Goods in Transit20%
HPY Hospitality15%
HYT Hull Marine19%
Hackney5%
Hull Insurance10%
Internal Risks15%
LPR Landlord House Insurance15%
Loss of Profits15%
MFR Motor - Fleet15%
MTR Motor - Road Risks15%
Marine: Small Craft20%
Motor Trader Combined 5%10%
Motor Traders Combined BI15%
Motor Traders Combined CMF15%
Motor Traders Combined EL15%
Motor Traders Combined GAP15%
Motor Traders Combined PL15%
Motor Traders Combined PRL15%
OFM Office18.78%
POP Property Owner20%
PRP Combined Property15%
Property Damage10%
RCR Combined Risks - BI15%
RCR Combined Risks - BU15%
RCR Combined Risks - CL15%
RCR Combined Risks - EL15%
RCR Combined Risks - FG15%
RCR Combined Risks - FR15%
RCR Combined Risks - GAP15%
RCR Combined Risks - GAR15%
RCR Combined Risks - MML15%
RCR Combined Risks - PA15%
RCR Combined Risks - PL15%
REN Engineering15%
RPM Hospital Malpractice Insurance10%
Religious Protection10%
SBR - Social Mini-Bus ROI5%
SCR Combined Risk15%
SFR Motor - Small Fleet15%
SME - Business Policy15%
SMP - Property Owners15%
STR - Motor - Special Types15%
Shop15%
Special Types20%

Aon Insurance Markets Ireland


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity Insurance Dual15%
Professional Indemnity Insurance Hiscox10%
Professional Indemnity Insurance Irish Public Bodies Mutual8%
Professional Indemnity Insurance Liberty10%
Professional Indemnity Insurance XL Insurance10%
Professional Indemnity Insurance XL Insurance10%
Professional Indemnity Insurance Zurich10%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Private Car (Personal Lines) Chubb5%
Private Motor Insurance Chubb5%

Personal Accident Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Personal Accident & Illness AIG10%
Personal Accident Insurance Chubb20%

Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Marine10%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Combined Liability Berkshire Hathaway10%
Combined Liability Zurich10%
Directors & Officers Liability - Golf Travelers Insurance10%
Directors and Officers Liability Travelers Insurance10%
Employers Liability Irish Public Bodies Mutual8%
Professional Indemnity Insurance Chubb10%
Property Owners Liability15%
Public Liability Irish Public Bodies Mutual8%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Household10%
Household Insurance Azur Underwriting12%
Household Insurance Chubb12%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Aon Toal Planthire Scheme - Commercial Package Travelers Insurance5%
Combined Directors & Officers and Employment Practices Liability Travelers Insurance12%
Combined Liability Allied World10%
Combined Liability Aon UK8%
Combined Liability RSA15%
Combined Traders10%
Commercial Combined10%
Commercial Combined Package Axa10%
Commercial Combined Package Barbican10%
Commercial Combined Package Chubb10%
Commercial Combined Package Ecclesiastical Insurance Office plc12.5%
Commercial Combined Package Hiscox10%
Commercial Combined Package Irish Public Bodies Mutual7.5%
Commercial Combined Package Liberty10%
Commercial Combined Package Travelers Insurance8%
Commercial Combined Package XL Insurance10%
Commercial Combined Package Zurich13%
Commercial Package - NHI Liberty10%
Commercial Package AIG10%
Commercial Package Aon UK15%
Commercial Package Chubb10%
Commercial Package Zurich4.5%
Commercial Property Policy Berkshire Hathaway10%
Commercial Vehicle Liberty5%
Commercial Vehicle Zurich-
Computer All Risks RSA7.5%
Computer All Risks Zurich7.5%
Construction Liability Insurance Liberty10%
Construction Liability Insurance XL Insurance10%
Contractors All Risks Insurance (AW) Northern Marine10%
Contractors All Risks Insurance Liberty10%
Contractors All Risks Northern Marine10%
Cyber Liability Insurance Hiscox10%
Directors & Officers Liability Chubb25%
Directors & Officers Liability Hiscox-
Directors & Officers Liability Liberty10%
Directors and Officers Liability Liberty10%
Engineering Aviva7.5%
Engineering RSA10%
Environmental Impairment Liability (EIL) AIG7.5%
Event Insurance Hiscox10%
Excess Liability10%
Excess Liability Insurance Chubb10%
Excess Public/Products Liability Allied World12%
Fine Art Insurance Axa5%
Fine Art Insurance Hiscox-
Golf Buggy Insurance Travelers Insurance-
Golfers Combined Package Travelers Insurance10%
Group Travel AIG13%
Household Insurance12%
ICMA : Motor Fleet Insurance Zurich-
ICMA : Private Motor Insurance Zurich-
Machinery Movement RSA10%
Marine Insurance (AW) Northern Marine10%
Marine Insurance RSA12.5%
Medical Malpractise Hiscox10%
Motor Fleet Insurance Liberty5%
Motor Fleet Insurance Travelers Insurance5%
Motor Fleet Zurich-
Motor Trade Road Risks Travelers Insurance7%
Motor Trade Road Risks Zurich-
One-Plan Package Chubb10%
Personal Accident Insurance10%
Private Car (Commercial) Zurich-
Property Owners15%
Property Owners Liability Liberty12.5%
Property/Business Interruption Liberty10%
Public/Products Liability The Underwriting Exchange6.75%
Real Estate Property & Property Owners Liability Pkg10%
Rugby Clubs : Commercial Combined Package Aviva15%
Stud & Stable Insurance Package Aviva8%
Tennis Commercial Combined Package Ecclesiastical Insurance Office plc12.5%

Arachas


Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Liability - RSA, HDI, Allianz15%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Combined Traders15%
Contractors All Risks13%
House - Holiday Home - KHB, KHH OR HM10%
House - Holiday Home HSH15%
House - Holiday Home HSH15%
House - Rental Let15%
Liability HISCOX13%
Oil Distributors10%
Recruitment Consultants12.5%
Schools10%

Arachas Corporate Brokers


Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Motor Damage15%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Holiday Home15%
Mobile Home15%

ARB Underwriting Ltd.


Travel Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Travel20%

Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity18%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Motor ARB Ideal8%
vehicle5%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Commercial Combined20%
Motor Trade - ARB Motor Trade (COB 150)8%
Motor Trade - ARB Motor Trade (COB 160)5%
Motor Trade - Commercial Property Motor Trade Internal)10%
Motor Trade - Commercial Property SS MTIR10%
Property Owners20%
Surestone MTIR policies20%

Aviva Insurance Ltd.


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity20%
Professional Indemnity20%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Caravan7.5%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Combined Liability10%
Employers Liability7.5%
Sports Liability5%
Transit Liability12%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Household20%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Admin Bond20%
Agricultural Vehicle5%
Claims Management10%
Commercial Combined15%
Computer15%
Contractors Works15%
ENG INS - JC15%
ENG INS - JF15%
ENG INS - JM15%
ENG INS - JP15%
Engineering Business Interuption15%
Engineering Insurance Inspection21%
Farmers Combined15%
Fire Schedule15%
Fire/Perils20%
Fleet Insurance5%
Glass7.5%
Goods in Transit15%
Livestock20%
Loss of Licence10%
Loss of Profits20%
MARINE15%
Milk Agents Motor20%
Multi Risk21%
Office Combined15%
PACKAGES - AO16%
PACKAGES - AS16%
PACKAGES - US15%
R.I.A.I. Motor Scheme10%
Self Build15%
Shop15%
Shopkeepers17.5%
Special Types17.5%
Surgery Insurance20%
Traders Combined15%

Aviva Life & Pensions Ireland DAC


Term Life Protection

A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Term Protection140%22%24

Single Premium PRSA

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Single Premium PRSA4%

Specified Illness

A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Specified140%22%24

Savings

The Savings contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ' clawback ' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %RenewalClawback Period (Months)
Savings7.5%0.25%2%48

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal
Regular Premium PRSA5%5%

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
PRB3.5%0.25%

Mortgage Protection

A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Mortgage Protection140%22%24

Income Protection

An Income Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Income Protection200%30%48

Investment

An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
Investments3.5%0.25%

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Renewal
Regular Premium pension3%0.25%3%
Single premium pension3.5%0.25%-

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

ProductInitial %Recurring Commission %
ARF3.5%0.25%

AXA Insurance dac


Travel Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Travel15%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Car5%
Motor5%
Van5%

Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Fire Schedule17.5%
Goods in Transit18%
Money20%
Professional Photographer20%
Special Types5%
Taxi5%
Theft15%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Liability15%
Sports Liability10%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Holiday Home25%
House15%
Household17.5%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Farm17.5%
Glass5%
Hackney5%
Hackney20%
Motor Traders12%
Property Damage17.5%
Shopkeepers5%
Tractor/Agri5%

BCP


Investment

An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %
Investments4%

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

ProductInitial €Recurring Commission %
ARFNo0.75%

Beazley Group


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity25%

Benchmark Underwriting Ltd.


Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Holiday Home17.5%
Household15%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Commercial Combined17.5%
Office/Shop17.5%
Traders Combined15%

bespoke


Investment

An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

Product
Investments

Bishops Gate


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity15%

Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Therapy Binder25%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Household15%
Household binder32.5%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Commercial Combined15%
Finsure28.5%

Blue Insurances Ltd


Travel Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Travel20%
Travel - White Label20%
Travel - Wholesale20%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Car Hire Excess20%
Motor Breakdown20%

Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Gadget15%
Pet Insurance20%
Wedding Insurance20%

Brady Underwriting


Personal Accident Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Personal Accident10%

Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Expenses15%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Business Protect (Retail, Office, Hospitality & Manufacturing)15%
Business protect15%
Eventinsure10%
Legal Expenses10%

Patrona t/a Bump Insurance


Canopius Underwriting Ltd


Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Trailer25%

CFC Underwriting


Chubb European Group (Dublin)


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity20%

Personal Accident Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
PERSONAL ACCIDENT20%

Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Livestock20%

Chubb Ins Co. of Europe S.E.


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity Policy20%

Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Contract Works Policy20%
Marine Policy20%

Corporate Underwriting Ltd.


Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Goods in Transit20%

Cover Centre Insurance Ltd.


Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
HOUSEHOLD15%
Kidd High Net Worth15%

ARAG Legal Protection Ltd


Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission €Commission %
Commercial Legal Expenses€24.5925%
EL Policy-10%

Davy Select


Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal
PRSA5%5%

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
PRB3.5%0.25%

Investment

An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
Investment3.5%0.25%

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

ProductInitial %Recurring Commission %
ARF3.5%0.25%

Dolmen Insurance Brokers Ltd.


Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Professional Indemnity10%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Amethyst10%
Dolmen SI (Sums Insured) Home15%
Dolmen SI (Sums Insured) Residential15%
Flex10%
Premier10%
Unoccupied (via Relay & Direct)10%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Contractors All Risks12.5%
Directors & Officers20%
Event Insurance10%
Homeworks12.5%
Land Liability15%
Property Owners15%
Property Works12.5%

Ecclesiastical Insurance Office Plc.


Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Motor Contingency15%

Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Additional Expenses15%
Agricultural Vehicle15%
Livestock15%
Theft15%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Products Liability15%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Apartment Block Insurance15%
Charity, Faith and Community Insurance (CHA)15%
Commercial Combined (ICS)15%
Commercial Package (IIP)15%
Education (ISS)15%
Engineering, Cyber (CEN)15%
Heritage (IHG)15%
Legal Expenses15%
Property Owners (IPO)15%

EverSure


Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Home Insurance Products15%

FBD Insurance Plc.


Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Multi Vehicle20%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Employers and Public Liability10%
Public Liab & Employers Liab15%
Public Liab Only15%
Public Liability10%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Holiday Home20%
Property20%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
All Others Guesthouse Fire /Theft Accidental Damage20%
Comm Combined5%
Comm Mtr10%
Commercial Combined10%
Commercial Combined20%
Guest House - Fire/ Theft/ Accidental Damage15%
Motor Fleet/Motor Trade/ Road risk10%
Multi Risk15%
Other Motor (Tractor)6.5%

Friends First


Single Premium PRSA

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Single Premium PRSA7.5%

Savings

The Savings contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ' clawback ' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %RenewalClawback Period (Months)
Savings3%0.25%3%36

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal
Regular Premium PRSA5%5%

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
PRB3.5%0.25%

Investment

An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
Investments3.5%0.25%

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Renewal
Regular Premium pension3%0.25%3%
Single premium pension3.5%0.25%-

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

ProductInitial %Recurring Commission %
ARF3.5%0.25%

Frost Insurances Ltd


Greenman


Investment

An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
Investments2.5%0.5%

Hiscox SA


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity17.5%

Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Directors and Officers17.5%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Combined Liability17.5%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Household17.5%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
All Commercial Policies17.5%
Office Combined17.5%

Irish Life Assurance plc


Whole of Life Protection

The Whole of Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Whole of Life100%28%60

Term Life Protection

A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Term Protection180%28%60

Single Premium PRSA

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Single PRemium PRSA5%

Specified Illness

A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Specified180%28%60

Savings

The Savings contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ' clawback ' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %RenewalClawback Period (Months)
Savings22%0.25%5.5%48

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal
Regular Premium PRSA17.5%5%

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
PRB3.5%0.25%

Mortgage Protection

A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Mortgage Protection180%28%60

Income Protection

An Income Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Income Protection180%3%60

Investment

An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
Investments3.5%0.25%

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Renewal
Regular Premium pension3%0.25%3%
Single premium pension3.5%0.25%-

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

ProductInitial %Recurring Commission %
ARF3.5%0.25%

Marsh Ireland Brokers Limited, trading as JLT Ireland


Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Charities10%
Commercial10%
Electrical Contractors10%
Sports10%

KennCo Underwriting Ltd


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity15%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Motor Policies15%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Home - Choice15%
Home - Rental15%
Home - Unique15%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Motor Policies15%
Motor Trade Policies15%

Liberty Seguros


Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Commercial Combined15%

Lloyds of London


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity15%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Commercial Vehicle32%
Fire/Perils28.5%
Fleet Insurance28.5%
Motor Traders32%

Methodist Insurance Plc,


Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
COMBINED LIABILITY15%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
HOUSEHOLD15%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
COMBINED ALL RISKS15%
COMBINED TRADERS12.5%
COMMERCIAL COMBINED15%

New Ireland Assurance Company plc


Term Life Protection

A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Clawback Period (Months)
Term Protection150%36

Single Premium PRSA

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Single Premium PRSA7%

Specified Illness

A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Clawback Period (Months)
Specified150%36

Savings

The Savings contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ' clawback ' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Renewal
Savings10%0.25%2.5%

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal
Regular Premium PRSA5%5%

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
PRB3.5%0.25%

Mortgage Protection

A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Clawback Period (Months)
Mortgage Protection150%36

Income Protection

An Income Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Income Protection130%3%16

Investment

An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
Investments3.5%0.25%

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Renewal
Regular Premium pension3%0.25%3%
Single premium pension3.5%0.25%-

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

ProductInitial %Recurring Commission %
ARF3.5%0.25%

Norman Thompson Insurances Ltd


Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Combined Traders Hair and Beauty Salons15%

O'Driscoll O'Neil


Travel Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Travel/Personal Accident - Crispin Speers & Partners Ltd15%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

Product
Classic Car - Aviva Insurance Limited

Personal Accident Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

Product
Soccer Personal Accident - Aviva Insurance Limited

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
COMBINED LIABILITY7.5%
Combined Liability -Sportscover-
PUBLIC LIABILITY7.5%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
ALL RISKS7.5%
ALL RISKS7.5%
COMBINED ALL RISKS7.5%
COMBINED TRADERS10%
COMMERCIAL COMBINED10%
Commercial Combined - Hiscox SA15%
Commercial Combined - XL Insurance Company SE15%
Legal Protection ARC Legal Assistance Ltd15%
Property Owners Commercial Combined - Swiss Re Corporate Solutions15%

Robertson Low Insurances Ltd


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity10%
Professional Indemnity(Excess Layer)10%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Combined Liability10%
Employers Liability10%
General Liability10%
Medical Malpractice10%
Product Liability10%
Public Liability10%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
HNW Household10%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Apartment Block15%
Apartment Block(Aviva)10%
Aviation (Hull)10%
Business Interruption10%
Commercial Combined13%
Commercial Combined10%
Commercial Combined( NBS)5%
Construction Bond10%
Construction/Trademaster scheme10%
Contractors All Risks10%
Contractors All Risks10%
Cyber Insurance10%
Directors & Officers10%
Event Cancellation10%
Exhibition Insurance10%
Fire & Perils10%
Material Damage10%
Property Owner10%

Royal London Insurance DAC


Whole of Life Protection

The Whole of Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Whole of Life225%36%60

Term Life Protection

A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Term Protection225%36%60

Specified Illness

A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Specified225%36%60

Mortgage Protection

A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Mortgage Protection225%36%60

Income Protection

An Income Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Clawback Period (Months)
Income Protection225%60%60

RSA Insurance Ireland DAC


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity10%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Classic Car Scheme20%
MG Owners Scheme15%
Motor7.5%
RSA Broker Motor Insurance Private Car8%

Personal Accident Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Sports Person Accident15%

Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Financial Risks5%
Goods in Transit5%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Employers Liability15%
Employers Liability5%
Office Liability19%
Transit Liability5%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Cargo20%
Engineering17.5%
Engineering15%
I.D.A. Motor Scheme20%
I.H.C.A. Motor Scheme20%
Motor Traders20%
Multi Risk20%
Office Combined5%
Office Combined17.5%
Property Damage15%
R.I.A.I. Motor Scheme15%
Traders20%

Securus Insurance Ltd


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
PROFESSIONAL INDEMN.10%
Professional Indemnity (AXA XLl)10%
Professional Indemnity (Chubb)10%
Professional Indemnity (Citynet)15%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Chubb Masterpiece Motor10%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Combined Liability10%
Excess Liability10%
Excess Liability10%
Premises Liability15%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
HOUSEHOLD15%
OL PROPERTY OWNER10%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
APARTMENT BLOCK15%
COMMERCIAL COMBINED16%
Chubb Masterpiece Household12.5%
Commercial Combined (Citynet)-
D&O (Chubb)15%
D&O (HCC)10%
Engineering (HSB)16%
HNW Household - Dual12.5%
Kidnap & Ransom (Chubb)10%
Marine Cargo (CNA)10%
Miscellaneous15%
Office15%
POL - Securus - online15%
Property Owners (Citynet)10%
UNOCCUPIED PROPERTY OWNERS INSURANCE QBE10%
Vacant Property (Securus - offline)10%
Vacant Property (Securus - online)15%

Standard Life International dac


Single Premium PRSA

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Single Premium PRSA5%

Savings

The Savings contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ' clawback ' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Renewal
Savings3%0.25%3%

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal
Regular Premium PRSA5%5%

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
PRB3.5%0.25%

Investment

An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
Investment3.5%0.25%

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Renewal
Regular Premium pension3%0.25%3%
Single premium pension3.5%0.25%-

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

ProductInitial %Recurring Commission %
ARF3.5%0.25%

Tasker & Partners Ltd (JRP)


Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
COMBINED LIABILITY10%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
COMBINED ALL RISKS10%
Traders Combined10%

Tokio Marine HCC - International Group


Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
PROFESSIONAL INDEMN.25%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Directors & Officers25%

Travelers Insurance Co Ltd


Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Private Car15%

Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Miscellaneous10%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Combined Liability15%
Management Liability Package - NB25%
Public Liability15%
Public Liability (Package)15%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
APARTMENT BLOCK15%
Commercial Combined15%
Fleet Insurance25%
Golf Select20%
I.H.C.A. Motor Scheme15%
Motor Fleet5%
Motor Trade Road Risks15%
Motortrade17.5%
Property Covers (Package or Stand Alone but excluding Motor Trade)15%

The Underwriting Exchange Ltd


Other

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
CONSEQUENTIAL LOSS12.5%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Liability12.5%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Motor Fleet7.5%

Willis Towers Watson


Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission €Commission %
Asgard Private Car€55%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission €Commission %
SIM Liability€77%
SIMI MOTOR TRADE - LIABILITY-7%
Tradesure Liability€1515%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission €Commission %
Asgard Bus & Coach 1-4€55%
Asgard Bus & Coach Fleet€55%
Asgard Commercial Fleet€55%
Commercial Vehicle-10%
Golfsure Combined€1515%
Golfsure Motor€55%
Golfsure Personal€55%
Guest House-10%
Internal Risks-10%
Motor Traders-5%
Office Combined€1515%
Propsure€17.517.5%
SIMI MOTOR TRADE - MOTOR-5%
SIMI MOTOR TRADE - PROPERTY, BI, MONEY-15%
SIMI Motor€55%
SIMI Motor Trade | Property, BI & Money€1515%
Traders Combined-10%
Tradesure Commercial Motor€1010%

Wrightway Underwriting Ltd.


Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Private Car10%
Van Plan5%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Carriers Liability15%
PUBLIC LIABILITY12%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
HOUSEHOLD17.5%
House17.5%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
ADF&T15%
ADF&T12%
Haulage Fleet5%
Haulage Single Vehicle5%
Inspection5%
MARINE INSURANCE5%
MOTOR FLEET5%
TRANSIT INSURANCE5%
Traders Transit15%

Zurich Insurance Plc.


Travel Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Annual Travel Policy15%
Group Personal Accident Travel6%

Professional Indemnity

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Professional Indemnity5%
ZPI - Professional Indemnity15%

Personal Motor

Typically for this product only an annualised commission or fee is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s)

ProductCommission %
Private Car7.5%

Personal Accident Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Personal Accident Policy5%

Liability

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Employers Liability15%

Home and Contents Insurance

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Broker Household15%
Holiday Home17.5%
Home Insurance22%
Household15%
Household6%

Commercial

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
All Risks15%
Apartment Block Insurance20%
Apartment Block Policy5%
Building in the Course of Erection15%
Combined Property Policy5%
Combined Property Policy15%
Commercial Vehicle15%
Computer All Risks" Policy"5%
Contractors All Risks" Policy"5%
Directors & Officers20%
ENP- Engineering15%
Engineering Insurance Inspection15%
Engineering Policy5%
Farm Fire Policy12.5%
Fidelity Policy15%
Fire/Perils15%
Fleet Motor Vehicle5%
I.D.A. Motor Scheme15%
Legal Expenses15%
MRP - Marine15%
Marine: Small Craft20%
Multi Risk15%
Nursing Home Combined5%
Office Combined5%
Private All Risks" Policy"5%
Tradestar Shop17.5%

Zurich Life Assurance plc


Whole of Life Protection

The Whole of Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Clawback Period (Months)
Whole of Life90%12

Term Life Protection

A Term Life Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Clawback Period (Months)
Term Protection140%12

Single Premium PRSA

Typically for this product only an annualised commission is paid out. There can be cases whereby an additional admin or service fee is required, which is disclosed and agreed by the client(s).

ProductCommission %
Single Premium PRSA5%

Specified Illness

A Specified Illness Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Clawback Period (Months)
Specified140%12

Savings

The Savings contract typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to ' clawback ' some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal
Savings3%3%

Personal Retirement Savings Account RP (PRSA)

A Personal Retirement Savings Account or PRSA typically provides for an Initial Commission as outlined below with certain restrictions around PRSA’s.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Renewal
Regular Premium PRSA10%5%

Personal Retirement Bond (PRB)

The Pension Retirement Bond typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
PRB3.5%0.25%

Mortgage Protection

A Mortgage Protection Product provides for an initial commission as outlined below. These policies have an inbuilt recurring commission structure to remunerate the Brokerage for reviews, service and claims support. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Clawback Period (Months)
Mortgage Protection140%12

Investment

An Investment Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to “clawback” some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %
Investment3.5%0.25%

Defined Contribution Pension

A Defined Contribution Product typically provides for an Initial Commission as outlined below.  Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

ProductInitial %Recurring Commission %Renewal
Regular Premium pension3%0.25%3%
Single premium pension3.5%0.25%-

Approved Retirement Fund (ARF) & Approved Minimum Retirement Fund (AMRF)

An ARF / AMRF Product typically provides for an Initial Commission as outlined below. Brokerages may also agree with a client a recurring commission that may be based on a percentage of the value of the fund or the annual premium. If for some reason a client moves or terminates their policy within a particular period of time, this might result in the provider seeking to "clawback" some or all of the commission paid to the broker, depending on how long the policy was active with the provider.

 

ProductInitial %Recurring Commission %
ARF3.5%0.25%