John M Walsh Trading as J M Walsh Financial Advice is regulated by the Central Bank of Ireland C44827 as an Insurance intermediary registered under the European Union Insurance Distribution Regulations, 2018; as an Investment Intermediary authorised under the Investment Intermediaries Act 1995 and as a Mortgage Intermediary authorised under the Consumer Credit Act, 1995, and as a Mortgage Credit Intermediary under the European Union (Consumer Mortgage Credit Agreement) Regulations 2016. Copies of our regulatory authorisations are available on request. The Central Bank of Ireland holds registers of regulated firms. You may contact the Central Bank of Ireland on 1890 777 777 or alternatively visit their website at www.centralbank.ie to verify our credentials.
We are remunerated by commission for our investment intermediary services.
We are remunerated by commission for the advice we provide on our insurance based investment products
b) The benefits available under the policy;
c) The general exclusions that apply to the policy;
d) The reductions applied to the benefit where there are disability payments from other sources.
We provide general insurance advice on a limited analysis basis (providing services on the basis of a limited number of contracts and product producers available in the market), for whom we exclusively conduct insurance distribution business. We provide on the following product providers:
We will also offer assistance to you in relation to processing claims on policies taken out with us and in seeking renewal terms on your cover.
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.
Advisor fees: €100.00 per hour or part of hour.
Additional fees may be payable for complex cases or to reflect value, specialist skills or urgency. Our scale of fees for such cases range from a minimum of €100.00 to a maximum of €200.00 per hour.
We will notify you in advance and agree a scale of fees to be charged.
Advisor fees: €100.00 per hour or part of 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. . Our scale of fees for such cases range from a minimum of €100.00 to a maximum of €200.00 per hour. We will notify you in advance and agree a scale of fees to be charged.
We charge a fee of €200.00 for advising on a mortgage application, this fee is non-refundable. This is not in any way an indication of mortgage/loan approval. Our fee will be notified to the lender who will include this fee into the calculation of the APRC (Annual Percentage Rate Charge).
Brokerage fee: €75.00 – €100.00
Cancellation or Mid Term Alteration fee: x% of the premium, with a minimum of €50.00.
Claims handling: Depending on case.
We will inform you of the amount of fee to be charged. When it is not possible the exact amount ,we will provide you the method of calculating the fee.
Insurance Based Investment Products We will provide periodic assessments of the suitability of the insurance based investment product which we have recommended to you.
Disclosure of Information
Any failure to disclose material information may invalidate your claim and render your policy void.
Product producers may withdraw benefits or cover in the event of default on payments due under policies of insurance or other products arranged for you. We would refer you to policy documents or product terms for the details of such provisions.
Mortgage lenders may seek early repayment of a loan and interest if you default on your repayments. Your home is at risk if you do not maintain your agreed repayments.
While we are happy to receive verbal complaints, we would prefer that all complaints are made in writing. We have a written procedure in place for the effective consideration and handling of complaints. We ask that you make any complaint against our firm, relating to services provided by us, in writing. We will acknowledge your complaint within 5 business days and all complaints will be fully investigated and you will receive updates on the complaint at intervals of no greater than 20 business days stating from the date the complaint is made. The outcome of the investigation will be communicated to you in writing on the completion of the investigation. If you are dissatisfied with the handling of your complaint or the response to it you may refer the issue as appropriate to the Financial Services and Pensions Ombudsman (FSPO) A full copy of our complaints procedure is available on request.
J M Walsh Financial Advice is committed to protecting and respecting your privacy. We wish to be transparent on how we process your data and show you that we are accountable with the GDPR in relation to not only processing your data but ensuring you understand your rights as a client.
Please contact us at firstname.lastname@example.org if you have any concerns about your personal data.
We are members of the Investor Compensation Scheme operated by the Investor Compensation Company Ltd. See below for details.
The Investor Compensation Act, 1998 provides for the establishment of a compensation scheme and the payment, in certain circumstances, of compensation to certain clients (known as eligible investors) of authorised investment firms, as defined in that Act. The Investor Compensation Company Ltd. (ICCL) was established under the 1998 Act to operate such a compensation scheme and our firm is a member of this scheme. Compensation may be payable where money or investment instruments owed or belonging to clients and held, administered or managed by the firm cannot be returned to those clients for the time being and where there is no reasonably foreseeable opportunity of the firm being able to do so.
If the client is an eligible investor as defined in the Act;
If it transpires that the firm is not in a position to return client money or investment instruments owned or belonging to the clients of the firm to the extent that the client’s loss is recognized for the purposes of the Act. Where an entitlement to compensation is established, the compensation payable will be the lesser of:90% of the amount of the client’s loss which is recognised for the purposes of the Investor Compensation Act, 1998; or Compensation of up to €20,000.
Brokers Ireland Compensation Fund
We are also members of the Brokers Ireland Compensation Fund. Subject to the rules of the scheme the liabilities of its members firms up to a maximum of €100,000 per client (or €250,000 in aggregate) may be discharged by the fund on its behalf if the member firm is unable to do so, where the above detailed Investor Compensation Scheme has failed to adequately compensate any client of the member. Further details are available on request.