With many pension schemes now unable to meet their Regulator’s funding standards, ex-employees are experiencing a clash of decisions. Should you stay or should you go?
Smart options for departing Intel employees on what to do with their pension.
AIB staff pension scheme trustees have just reported to members that scheme assets in June 2015 were €4.43 billion, an increase of €1.68 billion from €2.75 billion in June 2012. Following on from this the scheme’s trustees have now decided to reduce the scheme’s risk assets from 77.3% at June 2012 to 46.7% in December […]
At retirement, some individuals will have the option to retire under the ‘new rules’. These give people the option to take up to 25% of their pension fund as a tax efficient lump sum, with the balance invested in post-retirement savings plans known as Approved Retirement Funds (ARF) and Approved Minimum Retirement Funds (AMRF). One […]
Light has been shed on the regulations surrounding the Overseas Transfer of a PRSA fund to other EU jurisdictions, providing direction to both the Irish pension saver and the Irish pension scheme administrator in dealing with an overseas transfer request. A High Court Judgement in the case of O’Sullivan Vs Canada Life (Case No. 6355 […]