Remuneration Information

 

Remuneration in Invesco

At Invesco, our clients and the members we work with are the centre of what we do and we strive to always put their interests first. Therefore, it is Invesco’s priority to provide clear and transparent information regarding our remuneration and our commission arrangements with various product producers.

In certain circumstances, Invesco is remunerated for its services by the receipt of commission paid by product producers. We provide a wide range of services to our clients and trustees and consequently the amount of commission may vary depending on a number of factors, including the type of product, the length of time it is intended to last and the product producer selected by the client or trustees. Commission rates may vary from transaction to transaction. Charges on any product may vary depending on the level of commission paid. Invesco’s advisors will always confirm  the actual charges in respect of any product that is undertaken, before the client or trustees makes a final decision.

Definitions:

 

Initial commission – the commission paid by the product producer when a client purchases a product such as Pension or Investment plan (Please refer to table 1 below for commissions paid).

Advisory Charge – an annual payment that is expressed as a percentage of the value of the client’s assets under Advisory/Management.

Annual/Renewal Commission – This is a payment made by the Product Producer to Invesco.

Financial Planning Charge – This is a charge agreed in advance with the client in relation to financial planning services provided.

 

Wealth Management Department – Remuneration

 

Table 1

Life Company/Product Producer % Initial Commission Range paid by the Life Co/Product Producer % Advisory Charge Range  (annual)
Aviva Insurance Ireland DAC 0% –  3.0% 0%-0.65%
Aviva Life & Pensions Ireland (including Friends First) 0% –  3.0% 0%-0.65%
Davy Select 0% -   3.0% 0%-0.65%
Irish Life Assurance (ILA) 0%  -  3.0% 0%-0.65%
NewCourt This is fee based and subject to agreement with the client
New Ireland Assurance Company plc 0% –  3.0% 0%-0.65%
Standard Life 0% –  3.0% 0%-0.65%
Wealth Options This is fee based and subject to agreement with the client
Zurich Life 0% –  3.0% 0%-0.65%

 

 

The specific Annual Invesco Advisory charge will be provided in the Statement of Suitability.

 

In addition to the commission payments set out above, we may receive other supports in the form of non-monetary benefits. A summary of such supports is set out below in Table 2.

Table 2

Benefit Description Product Producer
Educational and training support. CPD events. Access to Aviva broker centre Aviva Insurance Ireland DAC
Educational and training support. CPD events. Access to Aviva broker centre Aviva Life & Pensions Ireland (including Friends First)
Educational and training support. CPD events. Access to B-Line and Online Platforms -Invesco Vantage. Irish Life Financial Services Limited
Educational and training support. CPD events. Access to New Ireland broker centre. New Ireland Assurance Company plc
Educational and training support. CPD events. Access to Royal London on-line broker centre. Royal London
Educational and training support. CPD events. Access to Standard Life Broker Zone. Standard Life
Educational and training support. CPD events. Access to Zurich broker centre. Zurich Life

 

 

Financial Planning

A Financial Planning - A charge may be applied and agreed in advance with a client in relation to financial planning services provided.

 

Risk and Protection

Please click here for detailed information on risk and protection products

 

Corporate Pensions – Remuneration

 

Table 3

Life Company Product
PRSA Annual Commission Death in Service Annual Commission
Aviva 0% - 5% 0-6%
ElipsLife N/A 0-6%
Irish Life 0% - 5% 0-6%
New Ireland 0% - 5% 0-6%
Standard Life 0% - 5% N/A
Utmost N/A 0-6%
Zurich 0% - 5% 0-6%