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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…

So far in this blog series we have discussed what was anticipated for the pensions industry in 2020 due to expected and unforeseen changes. You can find part 1 and 2 of this series here. Looking at the impact on pensions from Covid-19, there are also longer-term…

In part 1 of this 3-part blog series we took a look at what was anticipated for the pensions industry in 2020 due to legislative changes mainly from the EU, and both domestic and international political developments.In this part, we will examine the more unexpected…

At the beginning of 2020, the pension industry anticipated a year of development. We have certainly experienced much change, albeit much of it from unanticipated events. We can however learn from our response to these events, and this will inform how we deal with future…