Commission Disclosure

Empowered Money Management Limited acts as an intermediary between you, the consumer, and the product providers with whom we place your business.

Pursuant to provision 4.58A of the Central Bank of Ireland's September 2019 Addendum to the Consumer Protection Code, all intermediaries must make available 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 commission?

For the purpose of this document, 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.

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, or amount borrowed.
• Trail/Renewal commission model: further payments at intervals are paid throughout the life span of the product.
• Indemnity commission: 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.

For Life Assurance, Investment and Pension products, commission is divided into initial commission and renewal commission (related to premium), fund-based or trail (relating to accumulated fund). Trail 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.

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.

What is a fee?

A fee is a payment for professional services and expertise. A fee can be paid by our client directly for the professional services we provide. The amount of any fee will be discussed and agreed with our client in advance of all transactions.

Our clients have the option to pay for the professional services we provide by way of a combination of commission and fees which we will discuss and agree in advance of all transactions.

For our fee schedule, see our Fees page.

Maximum commission rates

The below 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. Full disclosure will be provided to each client as per the Central Bank Consumer Protection Code regulations, on a client by client basis.

Last updated: 2 September 2026