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    Minister Humphreys' closing speech in the Second Reading of the AE Bill in the Dáil

    Deputy Connolly mentioned the alternative AE proposal that came forward. I arranged an in-depth consideration of this proposal. My officials and the independent body, the Pensions Council, looked closely at it. I know the proposal sounds great. It would supposedly double the investment returns...
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    Richard Bruton's contribution to the Second Reading on AE in the Dail

    Richard Bruton: The question of whether it makes sense to have the pension fund split into individual pension accounts with their own risk management profiles and investment strategies has been raised. I am quite persuaded by the argument that, for a fund like that proposed, which is to be...
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    Default Investment Strategy

    Now that the Bill has been published we have a better idea of what the default investment strategy (DIS) will be: If the PRIIPS risk ratings are what is being referred to here, these are they: First of all one has to say that this is a heck of an improvement on NEST in the UK with its 40+...
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    Is ISIS-K funded by America?

    Interesting conversation with a taxi driver last evening. Unusually, he was a Dub. But he was married to a Lithuanian, which interested me but he said he was unwilling to talk politics as it might offend. I took the bait and forced him to speak his mind. He turned out to be pro-Russia...
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    Simon Harris 6/4 on favourite to be next Tea Shop

    So Jo told Leo he was too young for the job. PaddyPower quick out of the traps. Simon Harris 4/6 Simon Coveney 7/2 Paschal 4/1
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    Incredible underperformance of a structured product

    :eek::eek::eek:I have been out of the game for some time now but according to Colm this beauty has swung round by over 13% p.a. versus its benchmark in the wrong direction. And not just over a year or two but between 15 years of what Colm calls "simulated" performance and 4 years of actual...
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    Bookies don't like losing

    Got this email this morning from LiveScoreBet. Heck I have only been with them 6 weeks. Okay, I only used them for "promos" but surely this is a bit of an over reaction to a profit of €165:mad: BTW I didn't bother with any of their "free to play games", just the gee-gees.
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    Have I a case against Nat West?

    I tried to withdraw my winnings from PaddyPower to my Ulster Bank account in NI. UB rejected the withdrawals as it is now policy to protect me from the likes of PP. PP won't transfer the funds to my Irish account as they say the source of the bets was the UB account and they have some "loop"...
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    Independent Report supports Colm Fagan's alternative AE proposal

    Minutes of the PC meeting in September are at last available. This is the key minute. Edit: I have brought his conclusion to the top: (The CF is Colm Fitzgerald the independent expert and not Colm Fagan the proposer.) Advantages of the Alternative AE Proposal: CF stated that in its current...
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    Credit Agricole/Britline Paying 4.50% for 1 Year Term Less Fees

    Disclaimer. Everything I say here should be checked if you are thinking of opening one of these. The blurb is reproduced below. I am told it is a "deposit" and so Irish taxation would be DIRT. You can cancel at 31 days notice but you only get half the interest as a penalty. It is covered up to...
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    Central Bank charter for trail commissions

    Thanks to @GSheehy for this link to a recent CB Review. The issue they seem to be out to eliminate are folk languishing in Cash Funds for longer than they intended. Fair enough. But boy have they used a sledgehammer to crack a nut. Life companies should ensure that their customers' needs are...
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    Failed NCT retests 3 times

    My friend failed his NCT on his Merc about a month ago. It failed Major. Something about brake pipes being worn. Left into X garage, who "fixed" it and said it would now pass. Failed again! Nothing was done to brake pipes according to NCT people. My friend gave benefit of doubt to X as...
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    Central Bank Digital Currency

    See attached, quite informative for those with an open mind
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    Does the AE Bill envisage only one default fund?

    This is what the Heads of Bill says about the Default fund: There is more detail in Head 38 but again pointing to just one default fund. This is at odds with the NEST approach in the UK which has over 40 retirement date target funds as the default funds. Now I understand that one leading...
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    Eurovision 2023

    France 12/1 Finland 5/2 Sweden 4/6 There is money to be made here. The above are the top three songs in PaddyPower's book. The rest seem to have no chance unless we get a repeat of Ukraine which Paddy rates as 11/1 Would contributors listen to these songs or just a bit of them. You might have...
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    State Savings have abandoned the small saver

    The message is the same for all State Savings products despite (or because of) the recent meagre increases. Prize Bonds provide the starkest example. The Prize Bond rate was set at 0.35% p.a. in February 2021, an historic low. Okay, 10 year Government bond yields were negative -0.3% then so...
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    ARFs should not be permitted for AE pensioners

    Post 1 What has prompted me to this conclusion is the debate on lifestyling. Lifestyling seems to have bifurcated into the target annuity or the target ARF camps (ignoring the tax free lump sum for this thread). This is a major bifurcation which has come into sharp focus with recent rises in...
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    Irish Government Bonds for the retail punter

    Probably covered elsewhere, in which case would a kind mod please delete. 0% Treasury 2031 is currently priced at 80.67. Am I correct that a retail punter would get get the 10.33 redemption gain free of CGT> If so this certainly beats any State Savings though I accept not quite as guaranteed as...
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