Fees and Charges

Dublin Bay Financial Services Limited, trading as Dublin Bay Financial (“the firm”, “we”, “us”) acts 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.

Types of remuneration and 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 are made at intervals throughout the life span of the product.
• Indemnity commission model: 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.

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.

We take due care so that our internal remuneration policy with respect to investment or insurance advice on insurance-based investment products (‘IBIPs’) promotes sound and effective risk management in relation to sustainability risks and does not encourage excessive risk-taking with respect to sustainability risks. 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.

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

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 time period. If the consumer cancels or withdraws from the financial product within the specified time, the intermediary must return commission to the product producer.

Our remuneration

The firm does not receive any fees from our product providers apart from initial and trail commission. Our commission options are displayed below, showing the maximum amount which can be received.

The level of commission depends on individual circumstances, based on the following factors:

• Client relationship
• Length of time of the policy
• Size/amount of the investment
• Length/term of the investment
• Complexity of the case
• Product constraints by the product provider
• Whether the level of commission is negotiable
• Commercial decision
• Intermediary discretion

Mortgage business

With respect to mortgage business specifically, if we provide mortgage advice and obtain a loan offer for you, and you subsequently decide not to proceed with your mortgage through our firm, we will charge you an arrangement fee of €500 for our services. This is specified in our Terms of Business.

Schedule

Last updated: July 2026