Our Remuneration

April 2026

We, MMG Financial Services Ltd. act as intermediary (Broker) between you, the consumer, and the product provider with whom we place your business.

The Background

Pursuant to provision 32 of the Revised Consumer Protection Code 2025(formerly 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.

What is Remuneration?

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.

What is Commission?

Commission is the payment that may be earned by the intermediary for work undertaken for both the provider and the consumer.

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.

Sustainability Factors- Investments/IBIPs/Pension Advice

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.

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 LifeProtection, 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.

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.

Preferred Provider Rate

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 education seminars
Assistance with Advertising/Branding

Maximum Commission Rates

Single Contribution Products	Initial commission	Clawback Period	Trail commission
Single Contribution Pension
Aviva	5%		1% p.a
Friends First	5%		0.75% p.a
Irish Life	5%		0.75% p.a
New Ireland	5%	5 years	1% p.a
Standard Life	5%		1% p.a
Zurich Life	5.5%		0.5% p.a

Single Contribution PRSA
Aviva	4%		0.5% p.a
Friends First	7.5%		0.25% p.a
Irish Life	5%		0.75% p.a
New Ireland	7%	5 Years	0.5% p.a
Standard Life	5%		0.5% p.a
Zurich Life	5.5%		0% p.a

ARF
Aviva	5%		1% p.a
Friends First	5%		0.75%p.a
Irish Life	5%		0.75% p.a
New Ireland	7%	n/a	1% p.a
Standard Life	4%		1% p.a
Zurich Life	5%		0.5% p.a

Annuity
Aviva	3%		n/a
Friends First	3%		n/a
Irish Life	3%		n/a
New Ireland	3%	n/a	n/a
Standard Life	3%		n/a
Zurich Life	3%		n/a

Investment Bond
Aviva	5%		1% p.a
Friends First	4%		0.75% p.a
Irish Life	3%		0.5% p.a
New Ireland	4%	3 years	1% p.a
Standard Life	4%		1% p.a
Zurich Life	5%		0.5% p.a
Cantor Fitzgerald Ireland	2.25%

Regular Contribution Products	Initial commission	Renewal / Flat Commission	Clawback Period	Trail commission
Regular Contribution Pension
Aviva	15%			1% p.a
Friends First	25%			0.75% p.a
Irish Life	17.5%		5%	0.5% p.a
New Ireland	25%	5 years	8%	1% p.a
Standard Life	25%		5%	1% p.a
Zurich Life	20%	4 years	3%	0.5% p.a

Regular contribution PRSA
Aviva	22.5%			0.5% p.a
Friends First	17.5%			0.25% p.a
Irish Life	17.5%		5%	0.5% p.a
New Ireland	25%	5 years	6%	0.5% p.a
Standard Life	5%		5%	0.5% p.a
Zurich Life	5%	4 years	5%	0

Regular Savings
Aviva	15%			1% p.a
Friends First	10%			0.75% p.a
Irish Life	5.5%		5.5%	0.5% p.a
New Ireland	10%	5 years	2.5%	0.5% p.a
Standard Life	15%	5 years	n/a	1% p.a
Zurich Life	10%	4 years	1%	0.5% p.a

Individual Protection	Yr1	2	3	4	5	6	7	8	9+	Clawback Period
Aviva	200%	30%	30%	30%	30%	30%	30%	30%	30%	2 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	180%	18%	18%	18%	18%	12%	12%	12%	12%	1 year

Group Protection	Death in Service	Clawback Period	Permanent Health Insurance	Clawback Period
Aviva	6%		12.5%
Irish Life	6% p.a		12.5% p.a
New Ireland	15%	1 year	20%	1 year
Zurich Life	6%	n/a	12.5%	n/a

Mortgages	Commission	Clawback Period
Finance Ireland	1%	3 years
Haven	1%	3 years
ICS	1%	3 years
KBC Bank	1%	3 years
PTSB	1%	3 years

Other Products

MMG Financial Services Ltd is Regulated by The Central Bank of Ireland