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Advise Personal Retirement Bond Annual Charges

  • 05-02-2022 6:48pm
    #1
    md23040
    Registered Users Posts: 504 ✭✭✭


    Just looking for the lie of the land. Have a PRB setup as a result of leaving a company pension scheme from changing employment. Have a Pension broker local to me that manages this through Cantor Fitzgerald. He’s pretty good with sharing investment reports and analysis. Most of his clients go through managed funds but I have an execution only trading account. My charges annually are €3000 yearly and pay €15 per trade. I have about 25 company stocks and probably buy and sell about 4 times a month. The Cantor dashboard pretty crap by comparison to my Trading212 account t for personal trading. Have about €40k cash as reserve and this costs €19pcm. I have no way of knowing if these charges are good enough, what’s the competition etc. Any advise would be helpful. Fund currently worth around €300k.

    Add on: The bank fees for cash at €228 pa and trades at €15 per transaction separate to the €3k charges paid to Cantor and Aviva - think the PRB with Aviva as had previously been with Irish Life.



Comments

  • #2
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,739 Mod ✭✭✭✭Henry Ford III


    Doesn't sound like an execution only arrangement.

    If it is it's horribly expensive.



  • #3
    md23040
    Registered Users Posts: 504 ✭✭✭md23040


    Are you aware of any low cost options for managing a PRB as execution only?



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