Blog

What Duties and Responsibilities Do Trustees Have?

A “trust” is a legal arrangement under which trustees hold the assets of the pension scheme in a trust fund for the benefit of the members of the scheme, their dependants and for the main purpose of providing income in retirement.Under trust law and the Pensions Act 1990,…

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ARF Distribution and Annuities – What Are Your Options?

When our clients decide to drawdown benefits from pre-retirement pension schemes, they will in general have the option to buy a lifetime annuity, effect an Approved Retirement Fund (ARF), or encash all pension benefits after paying marginal rate of tax. These options of course…

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Finance Act 2021 and Proposed Pensions Roadmap

In the first of our 2022 webinar series for advisors, ITC’s Eve Nolan discussed Decembers Finance Act and the future roadmap for pensions reform.Topics included:Overview of the Finance Act changes Anticipated upcoming changes Opportunities arisingTo view the…

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What Happens to My Pension Scheme When I Die?

It is natural for us to shy away from conversations about our own demise, however, it is well worth considering how your pension benefits will be treated after your passing. This will allow you to take any necessary steps now to ensure that your intentions are met. The first…

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BOBs Not Dead

Since the implementation of IORP II in 2021, rumours had been circulating that the Finance Act would also bring in restrictions that would see an end to the Buy Out Bond (BOB). This fortunately did not occur last year but could still become the case in this or future year’s…

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Scheme Reports Now Available Through the ITC Client Portal and App

Did you know you can download your scheme report information through the ITC Client Portal and App? Register today and experience the portals simple functionality and convenient access to:Your scheme details Keep track of your pension contributions (in real time) Check…

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Are You Getting the Most Out of Your Nexus?

Did you know ITC Nexus allows our advisors to create and monitor client pension schemes online and sign applications with a click of a button?Its functionality includes:Paperless set-up. No more posting or scanning needed. Ability to monitor application pipeline with…

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Merry Christmas From All The Team At ITC

Our office will be closed from the evening of the 23rd of December, to reopen on January 4th, 2022. Please note that we will process bank transfers and requests that are received before 12pm on the 23rd December 2021.We would like to take this opportunity to wish you a very…

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More Than 90% of Pension Advisors Say Auto Enrolment Will be Delayed Beyond 2023

As you know, a lot of changes are currently taking place in the pension space, and earlier this year we wanted to gauge financial advisors’ views on these recent developments through a quick opinion survey.Topics included:Change in retirement age The effect of IORP II The…

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ITC Win Independent Trustee Firm of the Year 2021

ITC Group is delighted to announce that we have been awarded ‘Independent Trustee Firm of the Year’ at the Irish Pension Awards 2021.The Irish Pensions Awards give recognition to those pension funds and providers who have proven their excellence, professionalism and…

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