The FM Report

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Pension strategies

Self-Administered Pension Schemes and their role post IORP II

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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

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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

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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

The complex world of pension funding

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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 investment implications of IORP II

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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