The Future of Irish Pensions: Auto-Enrolment, Property & PRSAs
This week, we’re joined once again by Aidan McLoughlin, Group Managing Director of ITC, to discuss the upcoming changes to pensions in Ireland and to help you better navigate these changes.
We discuss the significant recent change announced on August 15, which restricts transfers out of pension schemes post-normal retirement age (NRA), leading to lost benefits for members unaware of the change. Aidan also sheds light on the importance of seeking independent financial guidance to maximise pension benefits. This episode is a must-watch for anyone looking to optimise their pension schemes and stay informed about market changes.
00:00 Introduction
01:41 Recent Changes in the Pensions Market
03:10 Impact of New Regulations
04:39 Occupational Pension Schemes
07:00 Importance of Independent Financial Guidance
11:03 Understanding PRSAs
19:24 Future of Pension Investments
24:47 Market Reactions
26:19 Restrictions on Property Investment
27:35 Regulatory Confusion
29:38 Risks and Historical Failures
37:32 Global Pension Fund Strategies
43:29 Auto Enrolment and Tax Benefits
47:06 Conclusion
Credit to : Ask About Wealth