The pension market in Ireland is continuing its inexorable shift from the traditional defined benefit (DB) to a defined contribution (DC) landscape. As the names suggest, DB looks to guarantee a benefit, or income in retirement, whilst DC only defines the contribution amount from the employer or employee. Therefore the actual outcome for a DC customer depends on a myriad of … [Read more...] about Volatility, old age, and investment paralysis.
In Ireland, women receive pensions that are 26.1 per cent lower than men's, according to a European Commission report* from 2018. The report considered total income from all sources, including State, occupational, and private pensions. For those on modest incomes, the report found the pensions’ gender gap in Ireland was lower than other European countries, largely because … [Read more...] about Women Need to Know their Pension Position!
When building financial plans for families, we tend to find that educating children ranks highly on the list of priorities. The costs associated with primary and secondary school education will usually be funded from regular monthly household income. While there is a general awareness that third level education is different, often we find that families have not spent time to … [Read more...] about Planning for the Cost of Family Education
Many people go on diets or exercise regimes in January and typically people start with lots of enthusiasm but then they quickly give up. Shaping up your finances is a similar challenge - it is about making this a habit and continuing throughout the year. Getting help is important, whether that is professional financial advice or just a friend or family member who can … [Read more...] about Eight New Year’s resolutions for personal finance fitness
We join an annual client meeting at a mythical advisory firm that bears only a passing resemblance to our own. Advisor: Good morning, Mr Smith, it has been a year since we last met and I thought now would be a good time to go through our annual review of your finances. Client: Fair enough, let’s start with Brexit; what are your ideas of how to avoid losing money. I read … [Read more...] about Brexit and financial advice