Our Remuneration
Effective Date: 25-Feb-2026
Last Updated: 25-Feb-2026
We, Yachting Financial Solutions (Ireland) DAC 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 (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.
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 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:
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.
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.
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.
General Insurance Products
General insurance products, such health insurance, are typically subject to a single or standard commission model, based on the amount of premium charged for the insurance product.
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 though 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.
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.
Credit Products/Mortgages
Commission may be earned by intermediaries for arranging mortgages for consumers. 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
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.
Single contribution products
| Investment | Upfront commission | Clawback | Trail commission |
|---|---|---|---|
| International Assurance Investment Bond | 3.5% | N/a | 1% per annum |
| Hansard Worldwide Global Select | 3.5% | N/a | 1% per annum |
| Momentum Wealth International Personal Portfolio | 3.5% | N/a | 1% per annum |
Regular contribution products
| Investment | Initial Commission | Clawback Period | Renewal/Bullet Commission | Trail Commission |
|---|---|---|---|---|
| Hansard Worldwide Capital Builder | 5% of each contribution | N/a | N/a | 0.6% per annum fund advisor fee |
| Hansard Worldwide Ascend | 3% x term (max. 75% of term) applied to annualised contribution | 12 months (5-year policy) 14 months (10-year policy) | 2.5% of each contribution when 25 months of contributions received | 0.6% per annum fund advisor fee |
| Hansard Worldwide Vantage | 3% x term (max. 75%) applied to annualised contribution | 7 months (5 years) 18 months (10 years) | 0.6% per annum fund advisor fee | 0.5% per annum of accumulated and allocated bonus units |
| International Assurance Regular Savings Plan | 3.5% per contribution | N/a | N/a | 1% per annum |
| Momentum Worldwide Regular Savings Plan | 4.5% per contribution | N/a | N/a | 1.25% per annum |
| Utmost Worldwide Focus Regular Savings Plan | 2.8% of total contributions in commitment period | N/a | N/a | Ongoing fee: 0.6% of total investment value |
International health and disability insurance commission rates
| Product | Commission Rate |
|---|---|
| Expatriate Group Medical Insurance | 15% of annual premium |
| Expatriate Group International Disability Insurance | 15% of annual premium |
| HCI Group Healthcare | 20% of annual premium |
| BUPA International | 10% of annual premium |
Lender/providers commission/payment
| Provider | Commission Rate |
|---|---|
| Simon Conn Overseas Mortgages | 30% of commission received by Simon Conn |
| Standard Bank Isle of Man Seafarer Account | GBP 100 per account opened and funded |
Yachting Financial Solutions (Ireland) DAC commission options are displayed as a range, showing the maximum amount which can be received. The level of commission depends on individual circumstances, based on the following factors:
- Intermediary discretion
- Whether the level of commission is negotiable
- Client relationship
- Length of time of the policy
- Amount of investment
- Length of investment
- Commercial decision
- Complexity of the case
- Product constraints by the product provider
Click on a link below to access a list of the providers that our firm deals with, which for ease of reference is in alphabetical order.
- Life Insurance Providers
- Expatriate Group Life Assurance (family protection)
- Hansard Worldwide (Savings plans)
- International Assurance (Savings plans)
- Utmost Worldwide (Savings Plans)
- General Insurance Providers
- Lender Providers
- Investments