Archive for the 'Pensions' Category

The power of compounding

The Power of Compounding

I was giving a presentation at the Dun Laoghaire Rathdown Chamber of Commerce B2B meeting last week on pensions. Beforehand, I was talking to David Crawford who as me ‘would it be better to start with a cent and have it double every day for a month or have €1m right now?’ I knew it […]

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Retirement Options - How to mature a pension

Retirement Options – How to mature a pension

The world of pensions has become more complex over the years so when it comes to retirement, people don’t know where to start when it comes to maturing their pension plans and starting their retirement. Today, I am going to look at the the retirement options available and how to mature a pension. There are […]

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What happens to your pension when you are made redundant?

Unfortunately, since the death of the Celtic Tiger, a lot of people have been made redundant from their jobs. A lot of these jobs had pension schemes attached to them. What happens to your pension when you are made redundant? There are a number options that are open to you. Leave your pension where it […]

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Government cashes in our Pension Fund

The Minster for Finance  published legislation last week to spend the €6.8 billion in the National Pensions Reserve Fund. This fund was created by Charlie McCreevy to pay public service pensions in the future. However, to avert the collapse of Irish banks, this fund was raided; €16bn was taken to bailout Allied Irish Bank and […]

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Pension Charges

I’ve been meaning to write a blog on pension charges since I started blogging last year but I’ve been putting it off. Not because I have anything to hide. It’s just that it can get so complicated that it’s easy to get lost. So, if you don’t follow what I am saying, I apologise in […]

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Changes in the valuation method of defined benefit pensions

The method of valuing defined benefit pensions changed with effect from 1 January 2014. Previously, a capitalisation factor of 20 was used to value defined benefit pensions e.g. a pension of €50,000 was valued at €1m. It didn’t matter whether you retired at 60 or 70, the value of the pension fund was the same […]

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The Pension Levy

I watched Prime Time last Tuesday when they talked about the Pension Levy (why is everything called a levy these days? Isn’t it a tax?). With the massive pension problem looming in the future, it will be difficult to rely on the Old Age Pension, the need for private pension funding is greater than it […]

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Defined Benefit Pension Plan – Should I transfer out?

In last weeks blog I wrote about the proposed changes to the rules when defined pension schemes were being wound up. This week I want to talk about what you need to consider in deciding whether to transfer your benefits out of a defined benefit pension plan arrangement or stay. A few years ago, no […]

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Proposed changes to insolvent defined benefit schemes

The Minister for Social Protection announced recently that she secured Government approval for measures to tackle the problems facing defined benefit pension schemes. I am going to have a look at those solutions, but first, we need to look at what the problems are and what the current rules say regarding insolvent defined benefit schemes. […]

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When it comes to investing, boring is better

How often do we find ourselves looking at fund performance tables and picking out the funds that have performed the best over the last few years? Have we found out how much risk that fund manager took to get those returns or whether the returns are the result of an investment strategy that has now […]

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