There is a very real fear that Defined Benefit pensions schemes may be unable to meet their liabilities and this is driving a demand for transfers out of ex-employer’s pension schemes.
We’ve seen a substantial increase in the number of ex–employees transferring their pensions into their own name. Motivated by freedom of pension options now available, our clients take personal ownership of their funds for different reasons. Find out more about what these reasons are, and information about taking the first step to cashing in your defined benefit pension.
The pension deficits at Ireland’s largest companies has grown by 40%. The companies with the worst deficits in cash terms were Diageo, C.I.E, and Bank of Ireland.
Pramit Ghose from Merrion Capital with Johnny Mulholland of EarlyRetirement.ie present a joint seminar on the recent developments in Defined Benefit Schemes and how enhanced transfer values allow Defined Benefit pension scheme members to ‘retire’ a pension pot from the age of 50 with extended, more attractive retirement options.
Leaving AIB? What are the options available for your pension?
It’s 1 year since the legislation changed to allow deferred members of Defined Benefits take 25% out in cash and reinvest the rest in an ARF. Find out more about why we are so excited about this change in the legislation here.