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Pension strategies

Personal Retirement Bonds – what are they and why are they

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A Personal Retirement Bond (PRB), AKA a Buy Out Bond (BOB) is, in my mind, essentially the pension’s equivalent of a waiting room. An accrued pension benefit from the likes of an old employer scheme is moved in to this waiting room, known as a PRB / BOB, and sits there until you draw the benefits down. So how did PRBs / BOBs come about, can I invest the funds in a PRB / … [Read more...] about Personal Retirement Bonds – what are they and why are they

Divorce and Pensions: Does my legal bum look big in this?

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If the law is an ass, then the branch of law with the biggest ass must be Schedule 23B of the Taxes Acts – the bit that deals with pensions and divorce. Most people seeking a divorce are looking for a little closure – a permanent parting of the ways, a decisive pulling of the plug, a good bye and good riddance type of closure. Unfortunately, thanks to Schedule 23B, any of … [Read more...] about Divorce and Pensions: Does my legal bum look big in this?

Volatility, old age, and investment paralysis.

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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.

Women Need to Know their Pension Position!

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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!