TERMS OF BUSINESS - PENSIONS

These terms of business set out the general terms under which our firm will provide business services to you and the respective duties and responsibilities of both the firm and you in relation to such services. Please ensure to read these terms thoroughly and if you have any queries, please contact Gary Ellison, of Ellison Financial Consultants at Tel: 01 8038105, who will be happy to clarify.

Firm Name and Contact Details

Ellison Financial Consultants

Gary Ellison, Ellison Financial Consultants, 43 The Dunes, Portmarnock, Co Dublin, Ireland.

Tel: 01 8038105, Fax: 01 8038106, E-mail: info@ellison.ie , web: www.ellison.ie

Regulatory Status with the Financial Regulator

Dr Gary Ellison, t/a Ellison Financial Consultants, is regulated by the Financial Regulator as an Authorised Advisor under the Investment Intermediaries Act, 1995; as a Mortgage Intermediary authorised under the Consumer Credit Act, 1995, and as an Insurance Intermediary registered under the European Communities (Insurance Mediation) Regulations, 2005. Our Financial Regulator reference number is 1327. The Financial Regulator holds registers of regulated firms. You may contact the Financial Regulator on 01 4104000 or alternatively visit their website on www.financialregulator.ie to verify our credentials.

Our Services

Ellison Financial Consultants offer independent financial advice and is not tied to any financial institution. The firm can provide financial planning consultancy, and is authorised to advise and arrange facilities on investments, deposits, pensions, PRSAs, health insurance, life cover, refer general insurance to Penco Ins., refer in relation to shares with Merrion Stockbrokers, and obtain mortgages, remortgages & loans. Our firm provides a comprehensive pension transfer facility from the UK to Ireland, subject to conditions.

List of Product Producers the firm holds agencies appointments with:-

Life & Pensions

Irish Life, Aviva Life & Pensions, New Ireland, Zurich Life/Eagle Star, Canada Life, Friends First, Caledonian Life, Lifetime Insurance, Acorn Life, Liberty Asset Management Ltd, Scottish Provident, Scottish Mutual, Standard Life, Oregan Financial.

Non-Life

Aviva Health, Penco Insurances Group, KBC Bank, Irish Life & Permanent, H.W. Wood Ltd, Merrion Stockbrokers.

Mortgages

Mortgage & Assurance Services Ltd t/a Mortgage Business Solutions, KBC Homeloans Ltd, National Mortgage Services Ltd, Irish Life & Permanent plc t/a Permanent tsb, Seniors Money, PIBA Mortgage Services Ltd.

Professional Indemnity & Compensation Scheme

The firm is a member of the Professional Insurance Brokers Association, PIBA. The firm carries Professional Indemnity cover of €1,500,000. The firm is a member of the Investor Compensation Scheme under the Investor Compensation Act, 1998, each client covered for 90% of eligible losses to maximum of €20,000.

Commission and Charges

The firm is remunerated by both professional fees and commission. Our professional fees may be charged at a fixed rate, or as a percentage of a transaction, or charged on a time spent and disbursements basis. In determining the rate and any additional charges, factors such as specialist skills, complexity, value, risk, and urgency will be taken into account. Our current basic hourly rate is €200. A Consultation fee is €200. Our professional fees may be paid or offset via product commission from Insurance Company where we agree this in advance. As an example of commission paid on arranging a pension transfer, commission obtained from Insurers is generally 2% on a retirement bond/buy-out bond or 5% into a personal pension. Mortgage fees are normally 0.5% of loan, plus policy, and mortgage lender commission if applicable (0.2% - 1% max). Commissions obtained are generally used towards reducing professional fees accrued.

Regular Reviews

It is in your best interests that you review, on a regular basis, the products which we have arranged for you. As your circumstances change, your needs will change-you must advise us of those changes and request a review of the relevant policy so that we can ensure that you are provided with up to date advice and products best suited to your needs. Failure to contact us of changes in your circumstances, or request a review, may result in you having insufficient insurance cover and/or inappropriate investments.

Conflicts of Interest

It is the policy of our firm to avoid conflicts of interest in providing you with insurance and investment business services. If this is not possible, we will notify you as soon as practicable after we become aware of the conflict of interest and you may rest assured that you will be treated fairly where such a conflict is unavoidable.

Default on payments by clients

Our firm will exercise its legal rights to receive payments due to it from clients for business services provided. The firm will seek payments of client fees incurred where the firm has acted in good faith in provifing services requested by clients. Insurers and other product producers may withdraw benefits or cover in the event of default on payments due under policies of insurance or other products arranged by the firm. We would refer you to policy documents or product terms for the details of such provisions.

Complaints Procedure

In the event that you have any complaint against the firm, please address your complaint to Gary Ellison using the contact details of the firm as listed above. We will acknowledge your complaint within 5 business days of the complaint being received. All complaints will be fully investigated and the outcome of the investigation will be communicated in writing to the person who raised the complaint. In the event that you are still dissatisfied with our handling, response and outcome, and satisfaction is not reached, you are entitled to refer the matter, quoting the firms' Ref. No. 1327 to: Financial Services Ombudsman, 3rd Floor, Lincoln House, Lincoln Place, Dublin 2. A full copy of our complaints procedure is available on request. Language English. 01/05/2010