Most people with significant pension assets have no real idea what their financial advisor earns from their money. Not because the information is illegal to share — it isn't — but because the system is designed in a way that makes it genuinely difficult to see.

In this episode, Paddy looks at how commission structures work in Irish financial advice, why the difference between a percentage and a euro figure matters enormously, and what a truly transparent client-advisor relationship should actually look like.

Key points covered:

• How initial and trail commissions work on Irish ARFs, pensions and investment products — and what those percentages look like when converted into real euro figures
• Why the structure of commission-based advice creates a conflict of interest that isn't malicious, but is very real
• The difference between a suitability standard and a fiduciary duty — and why that distinction could be worth a significant amount of money to you
• A real client story: a couple who were being advised to keep working and keep contributing, when in fact they already had enough to retire comfortably
• What good transparency would actually look like — and the three questions every investor should be asking their advisor right now

I hope it helps.