Sean P Matthews Insurances Ltd. is remunerated by commission and other payments from product producers or lenders on the completion of business. You may choose to pay in full for our services by means of a fee. Where we receive recurring commission, this forms part of the remuneration for initial advice provided. We reserve the right to charge additional fees if the number of hours relating to on-going advice/assistance exceeds 4 hrs.
In certain circumstances, it will be necessary to charge a fee for services provided. These are listed below for life, non-life business and Standard PRSAs. In other circumstances where fees are chargeable or where you choose to pay in full for our service by fee, we will notify you in writing in advance and agree the scale of fees to be charged if different from fees outlined below. If we receive commission from a product provider, this will be offset against the fee which we will charge you. Where the commission is greater than the fee due, the commission will become the amount payable to the firm unless an arrangement to the contrary is made.
You may elect to deal with us on a fee basis. Advice or Fees: € 175 -€450 per hour
Additional fees may be payable for complex cases or to reflect value, specialist skills or urgency.
Personal Retirement Savings Accounts (PRSAs) -Fees
Where advice is requested for PRSAs, the following hourly fees will apply: Advice or fees:€ 175-€450 per hour
Additional fees may be payable for complex cases or to reflect value, specialist skills or urgency. We will give an estimate of this rate in advance of providing you with services. If we receive commission from a product provider, this will be offset against the fee which we will charge you. Where the commission is greater than the fee due, the commission will become the amount payable to the intermediary unless an arrangement to the contrary is made.
Sean P Matthews Insurances Ltd is remunerated by commission from insurers on completion of business. Details of this remuneration are available on request. Brokerage fees are as follows:
|Private Motor & Van||Household||Commercial Business||Travel Insurance|
|New Business Set Up/Renewal||€40.00||€30.00||Up to 25%||€20.00|
|Permanent Mid Term Alteration||€40.00||€40.00||€40.00||€20.00|
|Premium Finance Direct Debit Default||€20.00||€20.00||€20.00||N/A|
|Named Driver Experience Letter||Up to €20.00||Up to €20.00||Up to €20.00||N/A|
|Duplicate Documentation||Up to €20.00||Up to €20.00||Up to €20.00||Up to €20.00|
Where separate premium finance agreements are arranged for you via a premium finance provider we may earn additional commission of 1% of the annual premium.
For all other types of Insurance, fees are applicable as notified and agreed In advance. A number of product producers pay No commission and therefore we have the right to amend these fees depending on the product. For Provision of advice without placement of business will be notified and agreed in advance.
We may receive up to 1% (or whatever maximum is applicable) of the loan for arranging mortgage finance. This commission is paid by the mortgage lender. Please note that lenders may charge specific fees in certain circumstances and if this applies, these fees will be specified in your Loan Offer. You have the right to pay a fee separately and not include it in the loan. Typically, this situation arises in relation to specialist lending. If this is your preferred arrangement, fees will be agreed in advance. If we provide mortgage advice and obtain a Loan Offer for you and you subsequently do not proceed with your mortgage application through our firm, we will charge you an arrangement fee which will be notified and agreed in advance for our services.