The Overview of The Intended Scheme Last Tuesday, 29th March 2022, the Minister for Social Protection, Heather Humphreys, announced the unveiling of the first pension auto-enrolment scheme in Ireland with a target roll out date of Q1 2024. It is estimated that this scheme will cost the State almost €3 …
Like all of you, we continue to be shocked by Russia’s ongoing war on Ukraine and my thoughts are with those whose lives have been so grossly affected. Indeed, the international public response across Europe to assist those caught up in this conflict has been extremely heartening but much more …
Russia’s invasion of Ukraine in the last week has consumed traditional media and social media. This is as it should be considering the nature of the events and the clearly terrible consequences that it is having on the Ukrainian people themselves. From the broader perspective these events effect the world …
It’s Pensions Awareness Week once again and in a similar vein to last year the pensions landscape, though improving, is still far behind where it should be in terms of usage and wide-scale uptake across Ireland. There is a combination of reasons for this ranging from concerns about a lack …
Last week there was extensive media coverage of a report that, at a very high level, seemed to imply that pension funds are charging 3% p.a. in fees and are putting pension plan holders’ future pension pots in jeopardy as a result. For my own part a number of my own clients reached out to me and enquired as to whether this report was relevant to them and how much fees where they themselves paying.
The best way to grow your retirement savings is to invest them intelligently. Putting money in a bank deposit account will, after deduction of DIRT, more than likely not earn you enough to even cover inflation. In order to beat inflation you have to invest in such a way that your rate of …
There is a broad approach among investment advisers that as a client becomes older they should be advised to become less risk orientated in their investments. This is partly driven by the thought of “how would I advise my parents?” and partly driven by fear of the Financial Regulator finding …
A key component of good financial management is the ability to control your costs. If you have ever run a business you will know this. Too much overhead and not enough income amounts to going bust. The speed of the insolvency is directly related to the degree of overspending. Family …
Recently I helped a new client, of US citizenship, aged 28 and a full time worker in Ireland, set up a personal pension for herself. She wanted to make sure that her own retirement funding which she started in previous employments, also in Ireland, was continued. We chatted about pension funding in …
As experienced Financial Planners we have become skilled in assisting our clients plan for their eventual retirement. A comfortable Old Age is not, however, just about having a pension plan, even though this may be part of the solution. Clever planning for retirement can assist greatly by: 1. Building Sufficient …
