On 7th April 2016, the following Statutory Instrument was signed: OCCUPATIONAL PENSION SCHEMES (REVALUATION) REGULATIONS, 2016 I, JOAN BURTON, Minister for Social Protection, in exercise of the powers conferred on me by sections 5 and 33 (as amended by section 21 of the Pensions (Amendment) Act, 2002 (No. 18 of 2002) of the Pensions Act, […]
In this article Paul McCarville, a Director of Clarus Investment Solutions (www.clarus.ie), discusses the difficulty of a standardised measurement of risk against the background of ever changing investment conditions. Read article: Paul McCarville article.
In recent years, Government has discouraged very high individual retirement funds. Since 1 January 2014, individuals are penalised if they build up funds higher than the Standard Fund Threshold of €2m, unless they can avail of a ‘grandfathering’ facility for funds already over that level. For many there is wriggle room to go a little […]
The direction of world stock markets is not clear. The attached charts US stock market 2015-2016 show that the S&P 500 index is 7% below its May 2015 peak but has recovered sharply over the last two weeks of February to be down just 3% year to date. The most widely held view about equity markets […]
Reminder: Please note that any persons with current AVC’s have until the 27th of March 2016 to withdraw 30% of their AVC at marginal rate tax (not including USC or PRSI) on a once off basis.
For accounting periods commencing on or after 1st January 2015, there are new requirements in place, described in the attached paper: FRS 102 Changes from FRS 17. Further information on this topic may be obtained from Rita-Anne Keyes.
In this article (Michael F Yates & Co October 2015), our international network partner Michael F Yates & Co discusses the implications of the trend towards mandatory retirement provision in the US. The lessons learnt in other jurisdictions can guide our own moves in this direction. Trident Consulting and Michael F Yates & Co are members of the […]
A long overdue measure from the Government to provide for periodic payments where a claimant is in need of regular support during their lifetime. View the press release here: The Department of Justic…Periodic Payment Orders
The Pensions Authority today, 22 May 2015, published this guidance which describes practices which are followed in the main by defined benefit pension schemes already…DB_Financial_Management_Guidelines
The Cabinet has approved a €180m final settlement on pension arrangements for Waterford Crystal employees, who lost their pensions when both the company and their pension scheme became insolvent in 2009. The workers’ union, Unite, won its case in Europe when it argued that Government had failed to make adequate provision for the pension entitlements […]