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
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
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
How your occupational pension works
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
The following is a copy of the letters sent prior to the appearance of the Semi State retired staff Group at the Joint Oireachtas Committee on Pensions. Dear Deputy/Senator, It is not commonly understood that many thousands of Irish citizens do not have a state pension or any of the associated benefits. The paradox is … Read more
The Semi State Retired staff group is is a recent initiative of the RTÉ RSA and the ESB RSA. I felt it was very important to work as a united group given the similarity of the issues facing all semi state DB retirees – no pension increases since 2008 being the most significant. I chair … Read more