Fee Remuneration Summary

We, Saol Capital act as intermediary between you, the consumer, and the product provider with whom we place your business.

The background

Pursuant to provision 4.58A of the Central Bank of Ireland's September 2019 Addendum to the Consumer Protection Code, 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.

How we are paid for the professional expertise we provide to you our client

Remuneration & Fees

How we calculate our fees

We calculate our proposed fees based on the complexity of your circumstances, the scope of the advice proposed, and the anticipated time cost of providing you with the service you need on an initial and ongoing basis. In estimating the time costs, we refer to our hourly charges, which are:

• Financial planning: €300 +VAT
• Research and technical support: €150 + VAT
• Administrative Support: €100+VAT

We do not categorise our clients or offer ‘off the shelf’ services. Instead, the scope of advice can be tailored to suit - ranging from a light-touch to a more intensive service.

Financial Planning Fees

• €1,500 +Vat for our full financial life plan (this is treated as a business expense by clients).
• Project work – agreed on a case-by-case basis at a rate of €300 per hour +Vat.
• No commissions, no implementation fees, no hidden charges.

Initial Fees

Saol Capital does not charge upfront commission for the set up of pension and investments. We offer a nil initial commission basis to all clients. This means 100% of your money is invested, with no early encashment (exit) charges applicable.

Ongoing Advice & Service

Each client can choose to pay for our ongoing service via their investments (AUI) or a fixed fee.

• 0.50% – Ongoing charge for advice, up to €1.5m, reduced fees above that on a case-by-case basis. Annual assets under instruction (“AUI”) fees will be deducted from your portfolio twice yearly for those clients with a platform account.

or

• Annual Fixed Fee - A client with assets above €1.5m may choose to pay via a fixed fee arrangement. The fee is discussed and agreed with clients on a case-by-case basis, depending on the level of complexity, risk, and the amount of funds. Our minimum fee is set at €5,000+VAT. Fixed fees will be paid by monthly standing order from your bank account or taken directly from a pension or investment portfolio

Optional Services

Funding your childs education - €250+VAT per child

Funding an AVC Pension - €595+VAT

Review of International Pension - €1000+VAT

Gifting to children - €500+VAT

Irish Estate Plan - €1000+VAT

(including inheritance tax planning, advice on wills and powers of attorney)

Family Partnerships - €1,500+VAT 

Commission

In certain instances, commissions are paid to Saol Capital by the product producer which cannot be waived. This is the case for life insurance products, which include:

• Life cover,
• Mortgage protection cover
• Serious/ Specified illness cover
• Pension term protection
• Income protection,
• Section 72 policy

What is commission?

For the purpose of this document, commission is the payment earned by the intermediary for work undertaken on behalf of the consumer and the provider. The amount of commission is generally directly related to the quantity or value of the products sold. It should be noted that any commission paid will be disclosed to each client as per the Central Bank Consumer Protection Code regulations, on a client-by-client basis.

There are different types of commission models:

Description of Commission Payments

Single Commission Payment - payment is based on a percentage of the premium paid/amount invested.

Initial Commission Payment - payment is based on a percentage of the premium paid/amount invested.

Trail Commission Payment - payment is based on a percentage of the underlying value of the investment.

Renewal Commission Payment -payment is made at intervals throughout the term of the policy or product, usually a percentage of the premium paid.

Further details about the providers we work with are listed as follows:

DavySelect

Pension & Investments:

Trail of 0.5% per annum. Initial of 0.5%.

Life Insurance Products:

No business.

Irish Life Assurance plc

Pensions & Investments:

Nil initial commission. Trail of 0.5% per annum.

Life Insurance Products:

120% of first year’s premium. 28% each year, from year’s two to nine.

Interactive Brokers Ireland Ltd

Investments:

Trail of 0.5% per annum. Initial of 0.5%.

Life Insurance Products:

No business.

Standard Life International DAC

Pensions & Investments:

Nil initial commission. Trail of 0.5% per annum.

Life Insurance Products:

No business.

Royal London Insurance DAC

Pensions & Investments:

Nil initial commission. Trail of 0.5% per annum.

Life Insurance Products:

100% of first year’s premium. 20% in Year two. 10% from years three to nine.

Zurich Life Assurance plc

Pensions & Investments:

Nil initial commission. Trail of 0.5% per annum.

Life Insurance Products:

100% of first year’s premium. 12% each year, from years two to nine.

END.