Nenagh Office
Kickham Street, Nenagh,
Co Tipperary
+353 (0) 67 32 283
We, Quinlan Wealth Services Ltd trading as Quinlan Financial act as intermediary between you, the consumer, and the product provider with whom we place your business.
Pursuant to provision 32 of the Revised Consumer Protection Code 2025 (formally CP116 requirement), 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.
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.
Commission is payment that may be earned by an intermediary for work undertaken for both provider and consumer.
There are different types of remuneration and different commission models:
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.
When assessing products, we will consider the different approach taken by product providers in terms of them integrating sustainability risks into their product offering. This will form part of our analysis for choosing a product provider.
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.
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.
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 (Mortgage Broker).
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.
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.
Quinlan Wealth Services Ltd trading as Quinlan Financial acts as a Broker and a) The Principal regulated activities of the Firm are provided on the basis of a fair analysis of the market and b) You have the option to pay in full for our services by means of a fee.
We are not tied to any one insurance company or other financial institution and are able to select the most suitable and competitive product for you from a wide range of products
available on the market.
The Firm may also be in receipt of other fees, administrative costs, or non-monetary benefits such as:
| Single Contribution Products | Initial Commission | Clawback Period | Trail Commission |
|---|---|---|---|
| Single Contribution Pension | |||
| Aviva | 5% | 5 Years | 1% |
| Davy Select | 0.5% | 0.5% | |
| Friends First | 5% | 0.75% | |
| ITC | 0.50% | ||
| Irish Life | 5% | 0.75% | |
| Mercer | 3.5% | 1% | |
| New Ireland | 5% | 5 Years | 1% |
| Newcourt Retirement Fund Managers | 0.25% | ||
| Standard Life | 5% | 1% | |
| Zurich Life | 5.5% | 0.50% | |
| Single Contribution PRSA | |||
| Aviva | 4% | 0.50% | |
| Friends First | 7.5% | 0.25% | |
| ITC | 0.75% | ||
| Irish Life | 5% | 0.75% | |
| New Ireland | 5 Years | 0.50% | |
| Newcourt Retirement Fund Managers | 0.25% | ||
| Standard Life | 5% | 0.50% | |
| Zurich Life | 5.5% | 0.25% | |
| ARF | |||
| Aviva | 5% | 5 Years | 1% |
| Davy Select | 0.5% | 0.50% | |
| Friends First | 5% | 0.75% | |
| Irish Life | 5% | 0.75% | |
| Mercer | 4.5% | 1% | |
| New Ireland | 5% | 1% | |
| Newcourt Retirement Fund Managers | 0.25% | ||
| Standard Life | 4% | 1% | |
| Zurich Life | 5% | 0.50% | |
| Annuity | |||
| Aviva | 3% | ||
| Friends First | 3% | ||
| Irish Life | 3% | ||
| New Ireland | 3% | ||
| 3% | Zurich Life |
| Single Contribution Products | Initial Commission | Clawback Period | Trail Commission |
|---|---|---|---|
| Investment Bond | |||
| Aviva | 5% | 5 Years | 1% |
| BCP | 3% | ||
| Blackbee | 3% | 0.5% | |
| Broker Solutions | 2.5% | ||
| Cantor Fitzgerarld Ireland Ltd | 2.25% | ||
| Davy Select | 0.50% | 0.50% | |
| Friends First | 4% | 0.75% | |
| Irish Life | 3% | 0.50% | |
| Mercer | 3% | 0.24% | |
| New Ireland | 4% | 3 Years | 1% |
| Standard Life | 4% | 1% | |
| Zurich Life | 5% | 0.50% |
| Regular Contribution Products | Initial Commission | Clawback Period | Renewal / Flat Commission | Trail Commission |
|---|---|---|---|---|
| Regular Contribution Pension | ||||
| Aviva | 15% | 4 Years | 1% | |
| Friends First | 25% | 6 Years | 0.75% | |
| Irish Life | 17.5% | 5% | 0.50% | |
| New Ireland | 25% | 5 Years | 8% | 1% |
| Standard Life | 25% | 5% | 1% | |
| Zurich Life | 20% | 4 Years | 3% | 0.50% |
| Regular Contribution PRSA | ||||
| Aviva | 22.5% | 4 Years | 0.75% | |
| Friends First | 17.5% | 6 Years | 0.25% | |
| Irish Life | 17.5% | 5% | 0.50% | |
| New Ireland | 25% | 5 Years | 6% | 0.50% |
| Standard Life | 5% | 5% | 0.50% | |
| Zurich Life | 5% | 4 Years | 5% | 0% |
| Savings | ||||
| Aviva | 15% | 4 Years | 1% | |
| Friends First | 10% | 6 Years | 0.75% | |
| Irish Life | 5.5% | 5% | 0.50% | |
| New Ireland | 10% | 5 Years | 2.5% | 0.50% |
| Standard Life | 15% | 5 years | 1% | |
| Zurich Life | 10% | 4 Years | 1% | 0.50% |
| Individual Protection | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Clawback Period |
|---|---|---|---|---|---|---|---|---|---|---|
| Aviva | 200% | 30% | 30% | 30% | 30% | 30% | 30% | 30% | 30% | 4 Years |
| Irish Life | 120% | 28% | 30% | 28% | 28% | 30% | 28% | 28% | 28% | |
| New Ireland | 225% | 50% | 20% | 20% | 20% | 12.5% | 12.5% | 12.5% | 12.5% | 5 Years |
| Royal London | 225% | 0% | 0% | 0% | 0% | 3% | 3% | 3% | 3% | 5 Years |
| Zurich Life | 100% | 12% | 12% | 12% | 12% | 12% | 12% | 12% | 12% | 1 Years |
| Group Protection | Death In Service | Clawback Period | Permanent Health Insurance | Clawback Period |
|---|---|---|---|---|
| Aviva | 6% | 12.5% | ||
| Irish Life | 6% | 12.5% | ||
| New Ireland | 15% | 1 Years | 20% | 1 Years |
| Zurich Life | 6% | 12.5% |
| Mortgages | Commission | Clawback Period |
|---|---|---|
| Haven | 1% | 3 Years |
| Dilosk trading as ICS | 1% | 3 Years |
| Permanent TSB | 1% | 3 Years |
Quinlan Wealth Services Ltd trading as Quinlan Financial is Regulated by The Central Bank of Ireland
Please note that the enclosed commission guidance section 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 Brokerage will take and is subject to change, in certain cases our Brokerage 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.
Nenagh Office
Kickham Street, Nenagh,
Co Tipperary
+353 (0) 67 32 283