Commission & Remuneration Disclosure
Summary of fees, commissions and other remuneration
Libertas Wealth Advisory Limited trading as Indigo Investment Group
Fees for Our Services
Service | Charge | Details |
|---|---|---|
Mortgage application | €495 | Non-refundable. Paying this charge does not guarantee that a lender will approve your application. |
Cash-flow modelling / financial review | €4,950 | Our cash-flow modelling and financial review service. |
Other bespoke work | Agreed in advance | Any additional charges will be agreed with you before the work begins. |
Our Terms of Business also provides for the option of working with us on a fee-only basis. Any applicable fee would be agreed with you in advance.
About this disclosure
Libertas Wealth Advisory Limited, trading as Indigo Investment Group, acts as an intermediary (broker) between the consumer and the regulated product provider with whom business is placed.
A retail intermediary is required to make available on its website a summary of the fees, commissions and other rewards or remuneration it may receive from regulated product providers for which it holds an appointment. This document summarises the remuneration arrangements supplied to us for that purpose.
What is commission?
For the purpose of this document, commission is a payment earned by an intermediary for work undertaken in arranging and servicing a product. The amount may be linked to the premium paid, the amount invested or borrowed, the value of a fund, or another measure agreed with the product provider.
Types of commission
Single or initial commission: A payment made shortly after a sale is completed, usually calculated as a percentage of the premium paid, amount invested or amount borrowed.
Trail or renewal commission: Ongoing payments made at intervals during the life of a product. These may be calculated by reference to premiums, contributions, fund value or provider charges.
Indemnity commission: Commission paid before it is fully earned. It may be repayable, in whole or in part, if the consumer cancels or lapses the product during a specified period.
Fund-based commission: An ongoing payment calculated as a percentage of the value of an investment, pension or retirement fund.
Other advances: A provider may, in some circumstances, advance commission relating to future sales to assist an intermediary with set-up costs or business development.
Product categories
Life assurance, investments and pensions
Remuneration may comprise initial commission, renewal commission, fund-based commission or trail commission. For regular-premium products, commission may be linked to annual premiums or contributions. For single-premium or lump-sum products, it is generally linked to the amount invested or the value of the fund.
Investment services
Investment firms may operate standard, initial and trail commission models. Payments may be linked to investment management charges or to the value of the fund, depending on the product and arrangement.
Credit products and mortgages
Commission may be earned for arranging credit, including mortgages. A single upfront payment calculated by reference to the loan amount is the most common model shown in the schedules supplied.
Clawback
Clawback is an obligation to repay commission that has not yet been fully earned. Where a consumer cancels, lapses, switches or withdraws from a product within the provider’s specified period, some or all of the commission may be returned to the provider.
Fees and other remuneration
The firm may also receive fees from a product provider, including policy, administration or advisory fees. Where a separate client fee applies, the basis and amount should be disclosed and agreed with the client in accordance with the firm’s terms of business and applicable requirements.
Non-monetary benefits
The firm may receive non-monetary benefits from product providers, including:
- Attendance at product-provider seminars or training events.
- Assistance with advertising, marketing or branding.
Important client information
The schedules below show indicative maximum remuneration amounts from the source material supplied. The actual remuneration may be lower or structured differently in a particular case. The remuneration applicable to an individual recommendation should be disclosed to the client on a client-by-client basis. Rates and provider terms may change.
A dash (-) means that no amount or period was stated in the source schedule for that field. Where the source contained a product but no remuneration figure, this is expressly marked as “Not specified in source”.
Provider commission schedules
Aviva Life & Pensions Ireland DAC
Protection and income protection
Product | Initial | Recurring | Clawback |
|---|---|---|---|
Term Protection | 200% | 22% | 48 months |
Specified Illness | 200% | 22% | 48 months |
Pension Term | 200% | 22% | 48 months |
Mortgage Protection | 200% | 22% | 48 months |
Income Protection | 200% | 22% | 48 months |
Savings, pensions and investments
Product | Initial | Recurring | Clawback |
|---|---|---|---|
Single Premium PRSA | 4% | 0.5% | - |
Savings | 15% | 1% | 48 months |
Regular Premium PRSA | 15% | 0.5% | 48 months |
PRB | 3.75% | 1% | 48 months |
Investments | 5% | 1% | 48 months |
ARF | 5% | 1% | 48 months |
Annuity | 3% | - | - |
Group and defined contribution arrangements
Product | Initial | Recurring / renewal | Clawback |
|---|---|---|---|
Group Life | 6% | 6% | 48 months |
Group Income Protection | 12.5% | 12.5% | 48 months |
Master Trust – Regular Contributions | 20% | Renewal 5% | 48 months |
Master Trust – Single Contribution | 5% | - | 48 months |
Regular Premium Pension | 20% | 1% | 48 months |
Single Premium Pension | 5.25% | 1% | 48 months |
BCP
Investment and retirement products
Product | Initial / fee | Recurring | Clawback |
|---|---|---|---|
Investments | 2.5% | - | - |
Bank of Ireland
Mortgage products
Product | Commission | Recurring | Clawback |
|---|---|---|---|
Mortgage – Switcher | 1% | - | 36 months |
Mortgage – Second/Subsequent Buyer | 1% | - | 36 months |
Mortgage – First-Time Buyer | 1% | - | 36 months |
Mortgage – Equity Release | 1% | - | 36 months |
Brokers Ireland Network Services Limited
Mortgage products
Product | Commission | Recurring | Clawback |
|---|---|---|---|
Mortgage – Switcher | 1% | - | 36 months |
Mortgage – Second/Subsequent Buyer | 1% | - | 36 months |
Mortgage – First-Time Buyer | 1% | - | 36 months |
Mortgage – Equity Release | 1% | - | 36 months |
Cantor Fitzgerald Ireland Ltd
Investment
Product | Initial | Recurring | Clawback |
|---|---|---|---|
Investments | 3% | - | - |
Davy Select
Pensions and investment
Product | Initial | Recurring | Clawback |
|---|---|---|---|
PRSA | 0.5% | 0.5% | - |
PRB | 0.5% | 0.5% | - |
Investment | 0.5% | 0.5% | - |
ARF | 0.5% | 0.5% | - |
ICS / Dilosk
Mortgage products
Product | Commission | Recurring | Clawback |
|---|---|---|---|
Mortgage – Switcher | 1% | - | 36 months |
Mortgage – Second/Subsequent Buyer | 1% | - | 36 months |
Mortgage – First-Time Buyer | 1% | - | 36 months |
Mortgage – Equity Release | 1% | - | 36 months |
Irish Life Assurance plc
Protection and income protection
Product | Initial | Recurring | Clawback |
|---|---|---|---|
Whole of Life | 180% | 28% | 60 months |
Term Protection | 180% | 28% | 60 months |
Specified Illness | 180% | 28% | 60 months |
Pension Term | 180% | 28% | 60 months |
Mortgage Protection | 180% | 28% | 60 months |
Income Protection | 180% | 28% | 60 months |
Savings, pensions and investments
Product | Initial | Recurring / renewal | Clawback |
|---|---|---|---|
Single Premium PRSA | 5% | 0.75% | - |
Savings | 15% | 0.5% | 48 months |
Regular Premium PRSA | 17.5% | 0.5% | 48 months |
PRB | 5% | 0.75% | 48 months |
Investments | 5% | 0.5% | 48 months |
Regular Premium Pension | 17.5% | 0.5% | 48 months |
Single Premium Pension | 5% | 0.75% | - |
ARF | 5% | 0.75% | 48 months |
Annuity | 3% | - | - |
Group arrangements
Product | Initial | Recurring | Clawback |
|---|---|---|---|
Group Life | 6% | 6% | - |
Group Income Protection | 12.5% | 12.5% | - |
New Ireland Assurance Company plc
Protection and income protection
Product | Initial | Recurring | Clawback |
|---|---|---|---|
Term Protection | 225% | 50% | 60 months |
Specified Illness | 225% | 50% | 60 months |
Pension Term | 225% | 50% | 60 months |
Mortgage Protection | 225% | 50% | 60 months |
Income Protection | 225% | 50% | 60 months |
Savings, pensions and investments
Product | Initial | Recurring / renewal | Clawback |
|---|---|---|---|
Single Premium PRSA | 5% | 0.5% | 60 months |
Savings | 15% | 0.5% | 60 months |
Regular Premium PRSA | 15% | 0.5% | 60 months |
PRB | 5% | 1% | 60 months |
Investments | 5% | 1% | 36 months |
Regular Contribution Investment Policy | 15% | 0.5% | 60 months |
Regular Contribution Pensions | 15% | 1% | 60 months |
Single Premium Pension | 5% | 1% | 60 months |
ARF | 5% | 1% | 60months |
Annuity | 3% | - | - |
Group arrangements
Product | Initial | Recurring | Clawback |
|---|---|---|---|
Group Life | 6% | 20% | 12 months |
Group Income Protection | 12.5% | 20% | 12 months |
Royal London Insurance DAC
Protection and income protection
Product | Initial | Recurring | Clawback |
|---|---|---|---|
Whole of Life | 200% | 36% | 60 months |
Term Protection | 200% | 36% | 60 months |
Specified Illness | 200% | 36% | 60 months |
Pension Term | 200% | 36% | 60 months |
Mortgage Protection | 200% | 36% | 60 months |
Income Protection | 220% | 36% | 60 months |
Pensions and retirement
Product | Initial | Recurring / renewal | Clawback |
|---|---|---|---|
PRSA | 22.5% | Renewal 5% | - |
Personal Retirement Bond | 5% | - | 48 months |
ARF | 5% | - | 48 months |
Standard Life International DAC
Savings, pensions and investments
Product | Initial | Recurring / renewal | Clawback |
|---|---|---|---|
Single Premium PRSA | 5% | 0.5% | - |
Savings | 15% | 1% | 60 months |
Regular Premium PRSA | 5% | 0.5% | - |
PRB | 5% | 1% | 60 months |
Investment | 4% | 1% | 60 months |
Regular Premium Pension | 25% | 1% | 60 months |
Single Premium Pension | 5% | 1% | 48 months |
ARF | 4% | 1% | 60 months |
Annuity | 3% | - | - |
Zurich Life Assurance plc
Protection
Product | Initial | Recurring | Clawback |
|---|---|---|---|
Term Protection | 200% | 22% | 48 months |
Specified Illness | 200% | 22% | 48 months |
Pension Term | 200% | 22% | 48 months |
Mortgage Protection | 200% | 22% | 48 months |
Income Protection | 220% | 22% | 48 months |
Cancer Cover | 200% | 22% | 48 months |
Savings, pensions and investments
Product | Initial | Recurring / renewal | Clawback |
|---|---|---|---|
Single Premium PRSA | 5% | 0.75% | - |
Savings | 10% | 0.5% | 48 months |
Regular Premium PRSA | 30% | 0.75% | 48 months |
PRB | 5% | 0.5% | 48 months |
Investment | 5% | 0.5% | 48 months |
Regular Premium Pension | 20% | 0.5% | 48 months |
Single Premium Pension | 5.5% | 0.5% | - |
ARF | 5% | 0.5% | 48 months |
Annuity | 3% | - | - |
Group arrangements
Product | Initial | Recurring | Clawback |
|---|---|---|---|
Group Life | 6% | 6% | - |
Group Income Protection | 12.5% | 12.5% | - |