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Pension strategies

The Effect of IORP II on Single Member Schemes

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The long-awaited publication of the IORP II legislation arrived on 27th April, 5 days after Minister for Social Protection, Heather Humphreys, T.D., signed document into Irish law. The new legislation will apply to all occupational schemes and trust Retirement Annuity Contracts (RACs), including one-member arrangements which previously benefited from a derogation under IORP I. … [Read more...] about The Effect of IORP II on Single Member Schemes

If you spray perfume on a turd does it stop it being a turd?

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I have feared having to write an article with this title for a long time, sadly I’ve got the opportunity now. Heather Humphreys, the Minister for Social Protection, signed a Statutory Instrument (S.I. No. 128 of 2021 European Union (Occupational Pension Schemes) Regulations 2021) into law on the 22nd April 2021. This instrument imports the terms of the long debated IORP … [Read more...] about If you spray perfume on a turd does it stop it being a turd?

DC Investment: Always ask questions, just make sure they’re the right ones!

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We are by no means ‘out of the woods’ in respect to the COVID pandemic, as a lockdown in Ireland, high case numbers, and ongoing vaccine rollout issues continue to dominate the new headlines. However, whilst volatility does remain somewhat heightened, we have entered a new Bull Market, stocks closed out 2020 on a high, and positive returns have continued through to 2021. COVID … [Read more...] about DC Investment: Always ask questions, just make sure they’re the right ones!

Your Pension – Your Priority

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Every year there is a crazy rush to make annual backdated contributions to pension funds and then it is forgotten for another year. There has to be a better way! We have got to start looking at retirement planning as an essential part of living, as a high priority next to buying a home. The problem is that people are focussed on the contributions they make based on the tax … [Read more...] about Your Pension – Your Priority

Pension reform or hot air?

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The government published its Interdepartmental Pensions Reform and Taxation Group (IDPRTG – that rolls off the tongue so easily) report on the 13th of last month. The IDPRTG is led by the Department of Finance and members are from the Department of Public Expenditure and Reform, the Department of Social Protection, the Revenue Commissioners and the Pensions Authority. The … [Read more...] about Pension reform or hot air?