Summary of Remuneration Arrangements
How to read this page
This page explains how we may be paid when we arrange, advise on or transmit business for financial products and related services. It covers commission, fees, other rewards, non-monetary benefits and any arrangements that may be relevant to the advice or service we provide.
This summary is provided in line with the Consumer Protection Code 2025 and the Central Bank of Ireland's requirements for intermediaries. It should be read with our Terms of Business, Privacy Statement and any product-specific documents we give you before you proceed.
Before you conclude a contract for a financial product or service through us, we will bring this summary to your attention and will explain any item if you ask us to do so.
1. About us
We act as an intermediary between you and the product producers or regulated firms with whom we place your business. We are not authorised as a MiFID investment firm. We operate within the permissions and appointments that apply to us under the Investment Intermediaries Act 1995 and other applicable intermediary legislation.
Legal name | Caron Training and Consulting Ltd |
Registered office | 35 Windfield Gardens, Clybaun Road, Knocknacarra, Galway H91 YNA0 |
Central Bank reference number | C539620 |
Regulatory status | Authorised / registered by the Central Bank of Ireland as a Restricted Activity Investment Product Intermediary / Investment Business Firm under the Investment Intermediaries Act 1995, as amended, and any other registrations that apply to the firm. |
Product producer appointments / agreements | We may only arrange or advise on products and services that fall within our Central Bank permissions and the product producer appointments or agreements held by the firm. |
Contact | 087 6486081 |
2. Legal and regulatory basis
The Consumer Protection Code 2025 requires an intermediary to make available a summary of the details of any fee, commission, other reward or remuneration that it receives, or may receive, from a regulated firm. The summary must include the nature of the arrangement and the amount or percentage where agreed.
As a firm operating under the Investment Intermediaries Act 1995, we must also ensure that our activities stay within our authorisation, product producer appointments and written agreements. We do not describe our service as MiFID investment advice or as a MiFID investment service unless that is expressly within our Central Bank authorisation.
3. What remuneration means
Remuneration means any payment, benefit or reward that we receive in connection with the services we provide. This may include commission from a product producer, a fee paid by you, a fee paid by a product producer, or a permitted non-monetary benefit.
The fact that we may receive remuneration must not prevent us from acting honestly, fairly and professionally in your best interests. We must also identify, prevent and manage conflicts of interest.
3.1 Types of remuneration
Initial or single commission is a commission paid shortly after a product is arranged. It is usually calculated as a percentage of a premium, contribution, investment amount or amount placed.
Renewal, trail or fund-based commission is commission paid during the life of a product. It may be calculated as a percentage of ongoing premiums, contributions, assets under advice, fund value or product charges.
Indemnity commission is commission paid before it is fully earned. If a product is cancelled, reduced, transferred or lapses within a specified period, some or all of the commission may be clawed back by the product producer.
Fees are amounts that may be paid directly by you, or by a product producer, for services provided. Any fee basis will be explained before you proceed.
Non-monetary benefits are benefits that are not cash payments, such as training, technical information or reasonable business support. We only accept benefits that do not impair our duty to act in your best interests.
3.2 Volume-based, profit-share and override arrangements
We do not accept or retain remuneration arrangements that would conflict with our duty to act in the best interests of consumers. If an arrangement is linked to volume of business, persistency, retention, profitability, targets or similar measures, we will assess it under our conflicts of interest policy and will not accept or retain it where it could impair our duty to act honestly, fairly and professionally in your best interests.
Any such arrangement that is permitted and actually applies must be included in the producer table below before this page is published.
3.3 Clawback
Clawback is an obligation to repay commission that has not yet been earned. It may arise if a product is cancelled, reduced, transferred, made paid-up or lapses within a specified period.
Where a clawback may affect you, we will explain this before you proceed. We will tell you whether you may be required to repay any amount to us if you cancel, reduce, transfer or lapse a product during the clawback period. Any such obligation will be set out in our Terms of Business or other pre-contract disclosure.
4. Product-specific information
4.1 Life assurance, protection, pensions and insurance-based investment products
For life assurance, protection, pension and insurance-based investment products, remuneration may include initial commission, renewal commission, trail commission, fund-based commission or fees. The amount may be based on the premium, contribution, amount invested or fund value, depending on the product and product producer.
Examples of products that may fall within this section include life protection, serious illness cover, income protection, regular-premium savings or investment products, single-premium insurance-based investments, pensions and retirement products, where these are within our permissions and product producer appointments.
4.2 Investment products arranged under the Investment Intermediaries Act 1995
We are not a MiFID investment firm. Where we arrange or advise on investment products, we do so only where the product, activity and producer appointment are within our authorisation as a Restricted Activity Investment Product Intermediary / Investment Business Firm under the Investment Intermediaries Act 1995.
Remuneration for these products may include initial commission, trail or fund-based commission, or fees, depending on the product producer and the product. We will disclose the relevant remuneration before you proceed and the producer-specific arrangements must be set out in the table below.
5. Product producer remuneration table:
Provider | Initial Commission | Clawback Period | Trail commission |
Aviva | 5% | | 0.5% p.a. |
Friends First | 5% | | 0.5% p.a. |
Irish Life | 5% | | 0.5% p.a. |
New Ireland | 5% | 5 Years | 0.5% p.a. |
Standard Life | 5% | | 0.5% p.a. |
Single Contribution Pension
Single Contribution PRSA
Provider | Initial Commission | Clawback Period | Trail commission |
Aviva | 4% | | 0.5% p.a. |
Friends First | 2% | | 0.5% p.a. |
Irish Life | 2% | | 0.5% p.a. |
New Ireland | 2% | 5 Years | 0.5% p.a. |
Standard Life | 1.5% | | 0.5% p.a. |
ITC | 5% | | 0.5%p.a. |
ARF
Provider | Initial Commission | Clawback Period | Trail commission |
Aviva | 4% | | 0.5% p.a. |
Friends First | 4% | | 0.5% p.a. |
Irish Life | 4% | | 0.5% p.a. |
New Ireland | 4% | n/a | 0.5% p.a. |
Standard Life | 4% | | 0.5% p.a. |
ITC | 5% | | 0.5%p.a. |
Annuity
Provider | Initial Commission | Clawback Period | Trail commission |
Aviva | 3% | n/a | |
Friends First | 3% | n/a | |
Irish Life | 3% | n/a | |
New Ireland | 3% | n/a | n/a |
Zurich Life | 3% | n/a | |
Investment Bond
Provider | Initial Commission | Clawback Period | Trail commission |
Aviva | 4% | | 0.5% p.a. |
Friends First | 4% | | 0.5% p.a. |
Irish Life | 3% | | 0.5% p.a. |
New Ireland | 4% | 3 Years | 0.5% p.a. |
Royal London | 0.5% | | 0.5% p.a. |
Standard Life | 4% | | 0.5% p.a. |
Zurich Life | 4% | | 0.5% p.a. |
Annuity
Provider | Initial Commission | Clawback Period | Trail commission |
Aviva | 3% | n/a | |
Friends First | 3% | n/a | |
Irish Life | 3% | n/a | |
New Ireland | 3% | n/a | n/a |
Zurich Life | 3% | n/a | |
Investment Bond
Provider | Initial Commission | Clawback Period | Trail commission |
Aviva | 4% | | 0.5% p.a. |
Friends First | 4% | | 0.5% p.a. |
Irish Life | 3% | | 0.5% p.a. |
New Ireland | 4% | 3 Years | 0.5% p.a. |
Royal London | 0.5% | | 0.5% p.a. |
Standard Life | 4% | | 0.5% p.a. |
Zurich Life | 4% | | 0.5% p.a. |
Regular Contribution Pension
Provider | Initial Commission | Clawback Period | Trail commission |
Aviva | 15% | | 0.5% p.a. |
Friends First | 25% | | 0.5% p.a. |
Irish Life | 17.5% | | 0.5% p.a. |
New Ireland | 25% | 5 Years | 0.5% p.a. |
Standard Life | 25% | 5 Years | 0.5% p.a. |
Zuruch Life | 20% | 4 years | 0.5% p.a. |
Regular Contribution PRSA
Provider | Initial Commission | Clawback Period | Trail commission |
Aviva | 22.5% | | 0.5% p.a. |
Friends First | 17.5% | | 0.5% p.a. |
Irish Life | 17.5% | | 0.5% p.a. |
New Ireland | 25% | 5 Years | 0.5% p.a. |
Standard Life | 5% | | 0.5% p.a. |
Zurich Life | 5% | | 0.5% p.a. |
Savings
Provider | Initial Commission | Clawback Period | Trail commission |
Aviva | 15% | | 0.5% p.a. |
Friends First | 10% | | 0.5% p.a. |
Irish Life | 5.5% | | 0.5% p.a. |
New Ireland | 10% | 5 Years | 0.5% p.a. |
Standard Life | 10% | 5 Years | 0.5% p.a. |
Zurich Life | 10% | 4 Years | 0.5% p.a. |
6. Fees and administrative costs
We may charge fees for advice, administration, implementation, reviews or other services. If a fee is payable by you, we will explain the amount or basis of the fee before you proceed. If we receive commission as well as a fee, we will explain how the commission interacts with the fee.
Fee basis | Case by Case basis |
Fee amount or range | €300 – €500 per hour |
VAT treatment | No VAT applies |
When payable | First engagement |
Interaction with commission | Where commission is greater than the fee due, the commission will be the amount payable to Caron Training and Consulting Ltd unless an arrangement to the contrary is made. |
Fee from product producer | Case by Case basis |
7. Non-monetary benefits
We may receive non-monetary benefits from product producers where these are reasonable, proportionate, capable of improving the service we provide, and do not impair our duty to act in your best interests. Examples may include:
product training or technical briefings;
research, information or technical material about products;
platform or product support needed to administer or service client business;
minor hospitality of a reasonable value at business meetings or training events;
factual marketing material or educational content that helps explain products to consumers.
We do not accept non-monetary benefits that are likely to influence our advice in a way that is not in your best interests.
8. Sustainability factors
Where we provide advice on investment, pension or insurance-based investment products, we may consider sustainability risks and sustainability preferences where relevant to the product and to the service being provided.
8.1 Sustainability risks
A sustainability risk is an environmental, social or governance event or condition that, if it occurs, could cause an actual or potential material negative impact on the value of an investment. Where relevant, we consider information made available by product producers about how sustainability risks are integrated into their products.
8.2 Principal adverse impacts
Before publication, the firm must confirm whether it considers principal adverse impacts of investment advice on sustainability factors. If the firm considers PAIs, this section should link to the firm's PAI statement. If the firm does not consider PAIs, this section should explain the reasons in plain English.
Current position:
8.3 Remuneration and sustainability
Our remuneration arrangements are designed so that they do not encourage advice that is inconsistent with the integration of sustainability risks or with the consumer's best interests.
9. Conflicts of interest
Commission, fees, non-monetary benefits, producer appointments and other commercial arrangements can create potential conflicts of interest. We manage these conflicts under our Conflicts of Interest Policy and our duty to act in your best interests.
We will not recommend a product because it pays a higher commission or because of a commercial arrangement with a product producer. We will only recommend or arrange a product where it is suitable for your demands, needs and objectives, based on the information you provide and the scope of the service agreed.
10. Our product producers
We deal only with product producers, regulated firms or providers with whom we hold the necessary appointment, agreement or permission.
Product producer | Products / services placed | Appointment / agreement held | Notes |
Aviva Life and Pensions Ireland | Various | Yes | Reviewed Annually |
Friends First Life Assurance Company DAC | Various | Yes | Reviewed Annually |
Independent Trustee Company Ltd | Various | Yes | Reviewed Annually |
Irish Life Assurance Company PLC | Various | Yes | Reviewed Annually |
New Court Trustees | Various | Yes | Reviewed Annually |
The Royal London Insurance DAC | Various | Yes | Reviewed Annually |
Standard Life Assurance Ltd | Various | Yes | Reviewed Annually |
Zurich Life Assurance PLC | Various | Yes | Reviewed Annually |
11. Questions and further information
If you have any questions about this summary or about how we are paid, please contact us before you proceed with any financial product or service. We will provide clarification in plain English.
12. Document control
Document title | Summary of Remuneration Arrangements |
Version | 1.1 |
Date last reviewed | 01/05/2026 |
Next scheduled review | 01/01/2027 |
Document owner | James Caron |
Approved by | James Caron |
