Remuneration Disclosure
Our Remuneration
We, Finplan Limited act as intermediary between you, the consumer, and the product provider with whom we place your business.
The background
Pursuant to Regulation 32 of the Central Bank of Ireland’s Consumer Protection Regulations 2025 (S.I. No. 81 of 2025), 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, remuneration is the payment earned by the intermediary for work undertaken on behalf of both the provider and the consumer. The amount of remuneration is generally directly related to the value of the products sold.
There are different types of remuneration/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/amount borrowed.
Trail/Renewal commission model: Further payments at intervals are paid throughout the life span of the product.
Indemnity commission
Indemnity 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.
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), fund based or trail (relating to accumulated fund)
Trail commission, bullet commission, fund based, flat commission or renewal commission are all terms used for ongoing payments. Where an investment fund is being built up through an insurance-based investment product or a pension product, the increments may be based on a percentage of the value of the fund or the annual premium. For a single premium/lump sum product, the increment is generally based on the value of the fund.
Life Assurance products fall into either individual or group protection policies and Investment/Pension products would be either single or regular contribution policies. 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 mortgages. The single, or standard, commission model is the most common commission model applied to the sale of mortgage products by mortgage credit intermediaries.
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, admin fee, or in the case of investment firms, advisory fees.
Other Fees, Administrative Costs/ Non-Monetary Benefits
The firm may also be in receipt of other fees, administrative costs, or non-monetary benefits such as:
-Attendance at product provider educational seminars
-Assistance with Advertising/Branding
Please Note
The commission guidance section below gives indicative values across every product provider and every product advised whereby a commission or fee is received within our business. This is the maximum our firm, will take and is subject to change, in certain cases our firm may take 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.
Maximum Commission Rates
| Mortgages | Commission | Clawback Period |
| Bankinter S.A. trading as Avant Money | 1% | 3 years |
| The Governor and Company of the Bank of Ireland | 1% | 3 years |
| BAWAG P.S.K. trading as Moco | 1% | 3 Years |
| Dilosk DAC trading as ICS Mortgages | 1% | 3 years |
| Haven Mortgages Limited | 1% | 3 Years |
| Nua Money Limited | 1% | 3 Years |
| Permanent TSB plc | 1% | 3 Years |
| Single Contribution Products | Initial commission | Clawback Period | Trail commission |
| Single Contribution Pension | |||
| Aviva Life & Pensions Ireland DAC | 5% | 1% p.a. | |
| BCP Asset Management DAC | 2.25% | ||
| Irish Life Assurance plc | 5% | 1% p.a. | |
| New Ireland Assurance Company plc | 5% | 5 Years | 1% p.a. |
Newcourt Retirement Fund Managers Limited | 2% | 1% p.a. | |
| Standard Life International DAC | 5% | 1% p.a. | |
| Wealth Options Limited | 2% | 1% p.a. | |
| Zurich Life Assurance plc | 5.5% | 1% p.a. | |
| Single Contribution PRSA | |||
| Aviva Life & Pensions Ireland DAC | 4% | 1% p.a. | |
| Irish Life Assurance plc | 5% | 1% p.a. | |
| New Ireland Assurance Company plc | 7% | 5 Years | 1% p.a. |
Newcourt Retirement Fund Managers Limited | 2% | 1% p.a. | |
| Standard Life International DAC | 5% | 0.5% p.a. | |
| Wealth Options Limited | 2% | 1% p.a. | |
| Royal London Insurance DAC | Up to 5% | 5 Years | 1% p.a. |
| Zurich Life Assurance plc | 5.5% | 1% p.a. | |
| ARF / AMRF | |||
| Aviva Life & Pensions Ireland DAC | 5% | 1% p.a. | |
| BCP Asset Management DAC | 2.25% | ||
| Conexim Advisors Limited | 3% | 1% p.a. | |
| Irish Life Assurance plc | 5% | 1% p.a. | |
| New Ireland Assurance Company plc | 5% | n/a | 1% p.a. |
Newcourt Retirement Fund Managers Limited | 2% | 1% p.a. | |
| Standard Life International DAC | 4% | 1% p.a. | |
| Wealth Options Limited | 2% | 1% p.a. | |
| Royal London Insurance DAC | 3 Years | 0.90% p.a. | |
| Zurich Life Assurance plc | 5% | 1% p.a. | |
| Annuity | |||
| Aviva Life & Pensions Ireland DAC | 3% | n/a | |
| Irish Life Assurance plc | 3% | n/a | |
| New Ireland Assurance Company plc | 3% | n/a | n/a |
| Zurich Life Assurance plc | 3% | n/a | |
| Investment Bond | |||
| Aviva Life & Pensions Ireland DAC | 5% | 1% p.a. | |
| Conexim Advisors Limited | 3% | 1% p.a. | |
| BCP Asset Management DAC | 2.25% | ||
| Goodbody Stockbrokers | 1% p.a. | ||
| Irish Life Assurance plc | 3% | 1% p.a. | |
| New Ireland Assurance Company plc | 4% | 3 Years | 1% p.a. |
Newcourt Retirement Fund Managers Limited | 2% | 1% p.a. | |
| Standard Life International DAC | 4% | 1% p.a. | |
| Wealth Options Limited | 2% | 1% p.a. | |
| Zurich Life Assurance plc | 5% | 1% p.a. | |
| Regular Contribution Products | Initial commission | Clawback Period | Renewal / Flat Commission | Trail commission |
| Regular Contribution Pension | ||||
| Aviva Life & Pensions Ireland DAC | 15% | 1% p.a. | ||
| Irish Life Assurance plc | 17.5% | 5% | 1% p.a. | |
| New Ireland Assurance Company plc | 25% | 5 Years | 8% | 1% p.a. |
Newcourt Retirement Fund Managers Limited | 1% p.a. | |||
| Standard Life International DAC | 25% | 5% | 1% p.a. | |
| Zurich Life Assurance plc | 20% | 4 Years | 3% | 1% p.a. |
| Regular Contribution PRSA | ||||
| Aviva Life & Pensions Ireland DAC | 22.5% | 1% p.a. | ||
| Irish Life Assurance plc | 17.5% | 5% | 1% p.a. | |
| New Ireland Assurance Company plc | 25% | 5 Years | 6% | 1% p.a. |
Newcourt Retirement Fund Managers Limited | 1% p.a. | |||
| Standard Life International DAC | 5% | 5% | 0.5% p.a. | |
| Wealth Options Limited | 2% | 1% p.a. | ||
| Royal London Insurance DAC | 22.5% | 6 Years | 2.5% | 1% p.a. |
| Zurich Life Assurance plc | 5% | 4 Years | 5% | 1% p.a. |
| Savings | ||||
| Aviva Life & Pensions Ireland DAC | 15% | 1% p.a. | ||
| Irish Life Assurance plc | 5.5% | 5.5% | 1% p.a. | |
| New Ireland Assurance Company plc | 10% | 5 Years | 2.5% | 1% p.a. |
| Standard Life International DAC | 15% | 5 Years | n/a | 1% p.a. |
| Zurich Life Assurance plc | 10% | 4 Years | 1% | 1% p.a. |
| Individual Protection | Yr1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9+ | Clawback Period | |||||||
| Aviva Life & Pensions Ireland DAC | 200 % | 30% | 30% | 30% | 30% | 30% | 30% | 30% | 30% | 2 Years | |||||||
| Irish Life Assurance plc | 120 % | 28% | 30% | 28% | 28% | 30% | 28% | 28% | 28% | Varies | |||||||
| New Ireland Assurance Company plc | 225 % | 50% | 20% | 20% | 20% | 12.5 % | 12.5 % | 12.5 % | 12.5 % | 5 Years | |||||||
| Royal London | 225 % | 36% | 36% | 36% | 36% | 36% | 36% | 36% | 36% | 5 Years | |||||||
| Zurich Life Assurance plc | 100 % | 12% | 12% | 12% | 12% | 12% | 12% | 12% | 12% | 1 Year | |||||||
| Group Protection | Death in Service | Clawback Period | Permanent Health Insurance | Clawback Period |
| Aviva Life & Pensions Ireland DAC | 6% | 12.5% | ||
| Irish Life Assurance plc | 6% p.a. | 12.5% p.a. | ||
| New Ireland Assurance Company plc | 15% | 1 Year | 20% | 1 Year |
| Zurich Life Assurance plc | 6% | n/a | 12.5% | n/a |