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Pension strategies

Practical Implications of IORP II for Self-Administered Schemes

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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

Pension charges and the value of an Advisor

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There have been several articles in the national media focusing on charges in pension schemes over the last number of months. These articles have been prompted by an independent analysis of charges that was supplied to the Labour Party in April. In this article I will discuss the extent of fees in the pensions industry, focusing on single member schemes, and the impact that a … [Read more...] about Pension charges and the value of an Advisor

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!