New Government auto-enrolment plan

Auto-enrolment could undermine pension regime, experts say 13/02/2019 Posted by IAPF The Government’s new auto-enrolment scheme could undermine the existing private pensions system, as its proposal to offer tax relief of 25 per cent is “not optimal” and could lead to tax arbitrage between the two systems, pensions experts say. Some 12 years after it was first … Read more

How IORP II has affected pensions

IORP II: How the EU directive has reshaped the pensions industry 30/01/2019 Posted by IAPF IORP II, the European Union’s sweeping reform of pension fund legislation, came into force on 13 January. It added 43 new articles to the original IORP directive and put a renewed focus on governance and communication standards. Institutions for occupational retirement provision … Read more

A second ESB protest – courtesy ESBRSA

The GPC (General Purposes Committee) has decided that another Protest should follow quickly on the last one in order to keep up the momentum gained. This Protest will be held on Wednesday 27th March at 12 noon outside Dail Eireann in Kildare Street. The issues for this Protest will be the same as the previous one, in … Read more

Pension tax relief proposals

Cut to pensions tax relief will lead to mass exodus by savers, warns provider. Government proposals that could see the income tax relief on pensions cut would be calamitous for middle earners, a leading investment company has warned. Halving the reliefs would lead to a mass exodus of middle-income earners from retirement schemes, Standard Life … Read more

Interesting facts

Cut to pensions tax relief will lead to mass exodus by savers, warns provider. Government proposals that could see the income tax relief on pensions cut would be calamitous for middle earners, a leading investment company has warned. Halving the reliefs would lead to a mass exodus of middle-income earners from retirement schemes, Standard Life … Read more

Community Employment strike

Community Employment supervisors to strike over pension security Monday, February 18, 2019 – 07:36 AM Examiner Community Employment supervisors seeking security over pensions will strike today at six locations across the country. They will protest in Letterkenny, Galway, Athlone, Waterford, Cork and Dublin at Department of Social Protection offices from midday. Forsa and SIPTU say … Read more

Information on pension increase.

RTÉ Superannuation Trustees have suggested a 2.25% increase for Defined benefit pensioners. This recommendation has to get approval from the Department of Communication, Climate Action and Environment and finally the Department of Public Expenditure and Reform.  We have lobbied all the way and the following is enclosed for your information. Ref: CCE-MO00476-2018  Dear Mr. O’Connor … Read more

ESB Retired staff protest

Retired staff will be protesting on the 26th February about the lack of pension increases outside the offices of the ESB, East Wall rd, Dublin 3. THE FOLLOWING PRESS RELEASE WAS ISSUED BY THE ESBRSA Claim for Pension Increase.  ESB Retired Staff Association is now in dispute with ESB and the Trustees of ESB Defined … Read more