Blog

Can Your Pension Help Tackle Climate Change?

In the investment world, we are currently seeing a shift towards more sustainable investing. The European Union legislation, due to be introduced this year, will require financial advisers to ask clients about environmental, social and corporate governance (ESG) preferences and,…

Read more

What Does IORP II Mean For Pensions?

The Minister for Social Protection, Heather Humphreys, T.D., has now signed IORP II into Irish law. The new legislation applies to all occupational pensions and trust Retirement Annuity Contracts (RACs), including small schemes and one-member arrangements.But what does this…

Read more

Single Member Schemes After IORP II - Part 3

In Part 2 of this series, we examined the effect of IORP II on investments of small self-administered schemes. The investment strategy for a single investor is obviously closely associated with the investor’s attitude to risk. In this blog we will see that IORP II when applied…

Read more

Single Member Schemes After IORP II - Part 2

In Part 1 of this series of blogs, we concluded that in spite of uncertainty with regards to detail, IORP II is likely to have consequences for one member arrangements. In this blog we will examine the changed world of investments.DiversificationOther than the broad…

Read more

Single Member Schemes After IORP II

The transposition of IORP II Directive into Irish law has been delayed for so long that many in the pensions industry have lost interest. The Pensions Authority’s repeated warnings about the industry’s lack of preparedness has not removed the limelight from more exciting…

Read more

Your Pensions Encyclopedia – Making Sense of Pension Products and Key Terms

Setting up or managing your pension can at times be overwhelming. There are so many products and terms, it can be hard to know for example the difference between your ARFs and AMRFs. Below we have compiled a list of regularly used pension terms and their meanings, that we hope…

Read more

No Guarantee of State Pension for Younger Workers

Younger workers can no longer take the State Pension as ‘a given’ according to Ireland’s chartered accountants.This warning comes in conjunction with the findings of budgetary watchdog, the Irish Fiscal Advisory Council, who advised that it would cost the State an…

Read more

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, 2021. Please note that we will process bank transfers and requests that are received before 12pm on the 23rd December 2020.We would like to take this opportunity to wish you a very…

Read more

The Roadmap for Pensions Reform – What’s Really Changing?

On 13th November, the Government’s Interdepartmental Pensions Reform & Taxation Group (IDPRTG) published its long-awaited conclusions, following two years of public consultation and market research. While the 145-page document contains a huge amount of detail, the key…

Read more

Private/Non-Pension Trusts Part III - Commercial Trust Arrangements

In part 1 of this (very) occasional series of blogs on private and other non-pension trusts, we looked at the origins of trust law and the basic concept of trusts.  It is simple enough - someone (the settlor) gives property of any kind to one or more persons (the…

Read more