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Do you need to go through a broker to take out a PRSA?

  • 09-11-2018 2:03pm
    #1
    LucBetton
    Registered Users Posts: 77 ✭✭


    This may seem an obvious question but as far as I can tell pension brokers just set up my PRSA then take 1.5% of my money every year

    Can't I just go direct to Zurich or Aviva and set it up? How would I do that? Should I be going through a broker instead and there's something I'm missing?


Comments

  • #2
    Geuze
    Registered Users, Registered Users 2 Posts: 13,586 ✭✭✭✭Geuze


    The direct staff of the insurer will be on commission.

    You won't save anything by going direct.

    You will save by using a discount broker, like www.labrokers.ie


  • #3
    vicwatson
    Registered Users, Registered Users 2 Posts: 28,404 ✭✭✭✭vicwatson


    Geuze wrote: »
    The direct staff of the insurer will be on commission.

    You won't save anything by going direct.

    You will save by using a discount broker, like www.labrokers.ie

    2nd them, sound bunch


  • #4
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,727 Mod ✭✭✭✭Henry Ford III


    vicwatson wrote: »
    2nd them, sound bunch

    They can't advise though. Make a mistake and you'll end up with a cheap but unsuitable pension.

    Get proper advice.


  • #5
    vicwatson
    Registered Users, Registered Users 2 Posts: 28,404 ✭✭✭✭vicwatson


    Henry Ford III wrote: »
    They can't advise though. Make a mistake and you'll end up with a cheap but unsuitable pension.

    Get proper advice.

    I still second them;)


  • #6
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,727 Mod ✭✭✭✭Henry Ford III


    vicwatson wrote: »
    I still second them;)

    Not everyone is as financially savvy as you vic.


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