Blog

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,…

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…

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…

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…

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…

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…

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…

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…

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…

With the Revenue online tax filing deadline approaching, the inevitable question arises as to how to reduce the tax bill. Tax relief on pension contributions is still one of the best answers. If your client does not have a pension scheme or if the existing pension provider…