Pension strategies

As with everything pensions related, nothing is straight forward. That being said, funding a pension is a great way to reduce current tax liabilities while also building a war chest to maintain your lifestyle in retirement. From a pension funding perspective, the world is split broadly into two categories, the Self-Employed and Employees (including owner directors). The … [Read more...] about The complex world of pension funding

The slow march that has been the implementation of the IORP directive in Ireland has been the subject of many a recent webinar and article – indeed with a number here in the FM Report. The Pensions Authority recently published the Codes of Practice for Trustees, which is to complement the primary text of the directive and can perhaps be seen as a ‘playbook’ for practitioners in … [Read more...] about The investment implications of IORP II

The PRSA has come a long way since its introduction in 2002, becoming a core product in the pensions market despite its well documented flaws. The future for the PRSA looks to be even brighter with the possibility that the Buy-Out-Bond (BOB) may no longer be available to pension investors in line with the recommendation of the Interdepartmental Pensions Reform and Taxation … [Read more...] about The PRSA project success or failure?

Anyone who knows me or has read any of my pieces on the FM report know I like to throw a few digs in and I can be more than happy to complain about pension policy in Ireland. This piece however, may be a little different, I will struggle to complain (much). Finance Bill 2021 was published last week, sections 12 to 15 of the Finance Bill cover pensions and make some very … [Read more...] about Finance Bill 2021 – I’m struggling to complain

As it is now over seven weeks since the introduction of the IORP II legislation you would imagine that the industry would fully understand the implications of the legislation at this point. Unfortunately, it is likely that we will not have full clarity on the ramifications of this legislation until the end of the year or perhaps even later as we wait for the Pensions Authority … [Read more...] about Practical Implications of IORP II for Self-Administered Schemes