Terms & Conditions
Philip O'Reilly is regulated by the Central Bank of Ireland as a multi agency intermediary.
This firm is a member of the Irish Brokers Association (IBA).
Philip O'Reilly is authorised to provide the following services:
- Advice and placing of business in relation to life assurance products (Level, Convertible & Decreasing Term) Income Protection, Serious Illness, Permanent Health Insurance, Savings, Investments, Pensions and Mortgages (Home Loans, Investment Property Finance, Personal Finance, Refinance Loans).
- Our advice is restricted to the products for which we hold appointments.
Philip O'Reilly is paid commission and other payments from the Product Producers to whom orders are transmitted. Summary details of these payments in relation to life and investment products will be provided in a product information document, which you are legally entitled to receive before an application for a life product is completed, and full details will be included with any new life policy document issued.
Philip O'Reilly may also charge you a fee for the services provided. He may charge a fee for advice in relation to insurance and investment products. Where fees arise, the hourly rates are €250. Any fees payable will be confirmed in writing prior to completion of any business.
Conflicts of Interest
It is the policy of Philip O Reilly to avoid any conflict of interest when providing services to clients. However, where an unavoidable conflict arises he will advise you of this in writing before providing any business service. If you have not been advised of any such conflict you may assume that none arises.
Philip O Reilly has a written procedure in place for the effective consideration and handling of complaints. Complaints will be recorded and acknowledged in writing within 5 working days. All complaints will be fully investigated and the outcome of the investigation will be communicated to the complainant. He will provide a complainant with regular updates at intervals not greater than 20 days and will attempt to resolve a compliant within 40 business days.
If your complaint is still not resolved to your satisfaction, and as a final step, you may refer your complaint to the Financial Services Ombudsman.
You can contact the Ombudsman by phone, fax, e-mail or post. Phone: 1890882090. Fax: 016620890 Email: firstname.lastname@example.org Post: Financial Services fax, e-mail or post Ombudsman Bureau 3rd Floor, Lincoln House, Lincoln Place, Dublin
You may also send any complaints about charges and consumer issues to the Financial Regulator at the following Consumer Help-line Lo call 1890 777 777. Post: Consumer Information Department, Financial Regulator, PO Box 9138, College Green, Dublin 2.
Handling Clients' Money
Philip O'Reilly . will accept payments in respect of all classes of insurance in the circumstances permitted under Section 25G of the Investment Intermediaries Act, 1995.
Philip O'Reilly is not authorised to accept cash or negotiable instruments in any other circumstances.
Where a Client Fails to Pay:
Philip O'Reilly will, if necessary, exercise his legal right to receive any payments due to him from clients for business services provided and to be reimbursed for any value obtained by him for clients arising from payments by him on behalf of clients who subsequently default in any payment due to him.
Product producers may withdraw benefits or cover on default of any payments due under any products arranged for your benefit. Details of these provisions will be included in your product terms and conditions.
Philip O'Reilly is a member of the Investor Compensation Scheme. The Investor Compensation Scheme provides for payment, in certain circumstances, of compensation to certain clients (known as "eligible investors") in the event of default by Philip O'Reilly. Where an entitlement to compensation is established, the compensation payable will be the lesser of 90% of the amount of the loss, or €20,000. Your normal legal rights are not affected by this scheme.
In addition to the Compensation available under the "Investor Compensation Act, 1998", Philip O'Reilly. is bonded through its membership of IBA for €200,000 with an inner limit of €65,000 per client.
Aviva Life & Pensions, Friends Fist, Royal London, Standard Life, Wealth Options.
Philip O Reilly is regulated by the Central Bank of Ireland