The recent withdrawal of single member occupational pension schemes from the market has caused a lot of concern for financial advisors and their clients. The abrupt end to the ability to create new single member occupational pension schemes has caught many business owners off guard. The ability of a small business owner to forego pension contributions while reinvesting as … [Read more...] about The future of retirement planning for small business owners
Pension strategies
The pensions death trap
Many pension investors assume that the entire value of their pension fund is paid out on death, unfortunately this is not always the case. Although the recent changes brought in by the 2021 Finance Act have improved the treatment of death benefits for active members of occupational pension schemes, there is still a large disparity between the treatment of occupational and … [Read more...] about The pensions death trap
Self-Administered Pension Schemes and their role post IORP II
IORP II has impacted the entire Irish pensions industry, in many ways, Self-Administered Pension Schemes (SSAPs) are where clients and advisors have seen the most significant changes, particularly relating to permissible investments. As always, changes within the legislative environment give rise to planning opportunities with clients transferring from Self-Administered … [Read more...] about Self-Administered Pension Schemes and their role post IORP II
Inflation and your pension
Inflation in Ireland has hit a whopping 6.7% in March, up from 5.6% a month earlier. The central bank are forecasting that inflation will peak at 7.7% p.a. this quarter. With fuel prices spiralling there is plenty of discussion on the short-term effect of inflation, but have you thought of the effect it could have on pension planning? The loss of purchasing power among … [Read more...] about Inflation and your pension
International Pension Transfers Post IORP II
When IORP II was transposed into law in April 2021, it caused a lot of uncertainty in the occupational pensions market. The major changes announced in relation to allowable investments and reporting requirements have gotten plenty of attention, one of the lesser focused on changes is the international transfer of pension arrangements. Prior to the introduction of IORP II, … [Read more...] about International Pension Transfers Post IORP II
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