Terms of Business – SMP Financial Ltd – Version 9.0 – Effective from 24th March 2026
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 that you read these terms thoroughly and if you have any queries, we will be happy to clarify them. If any material changes are made to these terms, we will notify you.
Authorisation with the Central Bank of Ireland
SMP Financial Ltd (C 42382) is regulated by the Central Bank of Ireland as an insurance intermediary registered under the European Union (Insurance Distribution) Regulations 2018. 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 0818 681 681 or visit www.centralbank.ie to verify our credentials.
Codes of Conduct
SMP Financial Ltd is subject to the Consumer Protection Code, Minimum Competency Code and Fitness and Probity Standards which offer protection to consumers. These Codes can be found on the Central Bank's website at www.centralbank.ie.
Our Services
SMP Financial Ltd is a member of Brokers Ireland. Our principal business is to provide advice and arrange transactions on behalf of clients in relation to life and pensions, mortgages, and general insurance products. A full list of insurers, product producers and lending agencies with which we deal is available on request.
Fair and Personal Analysis
The concept of fair and personal analysis describes the extent of the choice of products and providers offered by an intermediary. The number of contracts and providers considered must be sufficiently large to enable an intermediary to recommend a product that would be adequate to meet a client's needs.
We provide life assurance and pensions on a fair and personal analysis basis, providing services on the basis of a sufficiently large number of contracts and product producers available in the market to enable us to make a recommendation in accordance with professional criteria regarding which contract would be adequate to meet your needs.
Sustainability Factors
In accordance with the Sustainable Finance Disclosure Regulation (SFDR), when providing advice on insurance-based investment products and pensions, we assess relevant sustainability risks in addition to relevant financial risks. We review product provider literature in relation to sustainability risks and liaise with providers in relation to any queries. This information is reviewed by the firm on an ongoing basis.
When providing advice on IBIPs or investment advice, we assess the Principal Adverse Impact (PAI) information published by product manufacturers. Sustainability risks such as climate change, regulatory changes, and social factors can negatively impact the value of underlying investments and are key to evaluating the suitability of an investment.
Statement of Charges
We may earn our remuneration on the basis of fee, commission, and any other type of remuneration, including a non-monetary benefit, or on the basis of a combination of these methods. You may choose to pay in full for our services by means of a fee.
Fees are as follows:
Partner: EUR 650 per hour Support staff: EUR 100 per hour
Additional fees may be payable for complex cases or to reflect value, specialist skills or urgency.
Where we receive commission from a product provider, this will be offset against the fee which we would otherwise charge you.
Ongoing Remuneration
We receive ongoing remuneration from product providers in respect of the financial service provided to you. This remuneration is based on a percentage of the value of your investment in terms of IBIPs, and annual premiums for protection products, and is intended to cover the ongoing service that we provide to you in relation to this product.
Complaints
Upon receipt of a complaint, we will acknowledge it in writing within 5 working days and fully investigate it. We shall investigate the complaint as swiftly as possible and will provide updates at intervals of not greater than 20 working days. On completion of our investigation, we will provide you with a written report of the outcome. In the event that you are still dissatisfied, you are entitled to refer the matter to the Financial Services and Pensions Ombudsman (FSPO).
Data Protection
We are subject to the requirements of the General Data Protection Regulation 2018 and the Irish Data Protection Act 2018. SMP Financial Ltd is committed to protecting and respecting your privacy. Please contact us at dataprotection@smpfinancial.com if you have any concerns about your personal data.
Compensation Scheme
We are members of the Investor Compensation Scheme operated by the Investor Compensation Company Ltd. Compensation may be payable where money or investment instruments owed or belonging to clients cannot be returned to those clients. Compensation payable will be the lesser of 90% of the client's recognised loss or EUR 20,000. For further information, contact the Investor Compensation Company Ltd at (01) 224 4955.
We are also members of the Brokers Ireland Clients' Compensation and Membership Benefits Scheme (BIC). Subject to the rules of the scheme, the liabilities of member firms up to a maximum of EUR 100,000 per client (or EUR 250,000 in aggregate) may be discharged by the fund.
Appendix 1 – List of Appointments Held
Insurance offices: Aviva Life and Pensions Ireland Limited, The Royal London Mutual Insurance Society Limited, Irish Life Assurance PLC, New Ireland Assurance Company PLC, Standard Life Assurance Limited, Zurich Life Assurance Company of Ireland Limited.
Other: BCP Asset Management, Cantor Fitzgerald, Davy Stockbrokers, Appian Asset Management, GoldCore Ltd.