(1) The charges to be made under a PRSA contract shall neither -
(a) in the contract, nor
(b) in any promotional or other material relating to such a contract,
be expressed in cash terms.
(2) The charges made under a PRSA contract shall be calculated on one of the following bases:
(a) as a percentage of each contribution; or
(b) as a percentage of the value of the PRSA assets; or
(c) as a percentage of each contribution and a percentage of the value of the PRSA assets.
(3) The charges expressed as a percentage of each contribution may only vary between PRSA contracts offered by the same PRSA provider according to -
(a) the particular PRSA product,
(b) the method of distribution,
(c) the procedure for the payment of contributions, whether by cheque, payroll deduction, direct debit or other procedures,
(d) the investments held,
(e) the time that has elapsed since the contributor entered into the PRSA contract,
(f) the amount of the contribution.
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