Search results

  1. D

    Changing Mortgage to Buy to Let Mortgage

    This could get very messy. Consider this. She rents it out. Gets good tenants for years. Mortgage is paid down a fair bit. House goes up in value a fair bit. Ex-partner pops up and wants a share of the equity. If she's still on the mortgage and looking to get a new mortgage, it might...
  2. D

    Planning ahead - is my life insurance level correct and next steps

    How much were you paying each month on the mortgage?
  3. D

    Advice needed re Prudential Ireland old pension policy.

    From Wikipedia... "Prudential Life operated in Ireland until its acquisition by Irish Permanent Building Society. The life office then traded as Progressive Life. In 1999, Irish Life Assurance plc and the Irish Permanent Building Society merged to form the Irish Life and Permanent Group, and...
  4. D

    Advice needed re Prudential Ireland old pension policy.

    In what way were Irish Life no help? If memory serves, they took over Prudential's Irish policies.
  5. D

    Almost 3 months since contributions applied to funds.

    My worry level rises when I see that the pension scheme is with APT via Unio. These are not the big name pension companies like New Ireland or Irish Life who have the resources to backdate investments when their service is slow. In a rising market, backdating investments is very costly. So...
  6. D

    Can an employee dictate who the pension provider is?

    Population of Ireland: 5 million. Population of UK: 67 million. Yet UK products charge half the Irish fee? Clearly it's the UK that are ripping people off, governed by shadowy figures and vested interests etc. God they must be creaming it over there. The Central Bank regularly invites...
  7. D

    Can an employee dictate who the pension provider is?

    It's a good point but if this system was operated, it follows that the smaller funds would be charged more. Ironically it's often those who can afford smaller contributions and accumulate smaller funds who need more work in terms of explanation and hand-holding.
  8. D

    Can an employee dictate who the pension provider is?

    If this statement was true, there would be lots of players entering the market attempting to "cream it in profits" at the expense of the Irish public through "obscene" charges. If you were correct in this claim, why is there no evidence of this?
  9. D

    Can an employee dictate who the pension provider is?

    Have you any evidence at all to back this up? ...or this? Any actual evidence at all? Or is your rant based on nothing more than "I don't like paying the charges on my pension product and I wish they were cheaper. They must be a rip-off. Rip-off Ireland. If I was in Government I'd ban...
  10. D

    Can an employee dictate who the pension provider is?

    So why hasn't some entrepreneurial person set up a pension company massively undercutting these obscene charges? Don't you think they'd wipe the floor with the existing companies? If the charges are obscene, then surely someone could make a big profit by charging far less obscene amounts and...
  11. D

    Can an employee dictate who the pension provider is?

    So why aren't some international pension companies rushing to set up shop here in Ireland to wipe the floor with the incumbents and make loads of this easy money?
  12. D

    Implications of new law on age 65 retirement

    I think its very existence is an Irish solution to an Irish problem. On the one hand, many people are calling for action about the pensions timebomb caused by the ratio of workers to pensioners leaning over to the pensioner side more and more each year. So the Government can say "Look at us -...
  13. D

    Looking for advice on AVC contributions

    No. You must draw down the AVC funds at the same time as the main pension scheme benefits. I've seen it happen that people forget to send back AVC retirement forms and in doing so buy themselves a few weeks or months, but strictly speaking, the answer is No.
  14. D

    Looking for advice on AVC contributions

    Most of the work we do is with private sector pension schemes and I'm just not familiar with a public sector scheme that allows you an option NOT to take the lump sum from the scheme. But we do see that occasionally with private sector DB pension schemes. In those circumstances, if the amount...
  15. D

    Ultimate Retirement Calculator?

    This might be a good place for people to post links to their favourite online pension (and perhaps other financial) calculators. As a financial broker we mostly use calculators provided by software providers as part of a subscription package. But the Pensions Authority has a simple one as a...
  16. D

    Do I need a property manager if I own properties through an ARF?

    As long as the OP had no connection with the tenant she wasn't breaking the arm's length rules. The post suggests that she was doing everything by the book - rent going into the ARF bank account etc.
  17. D

    Married-Can I get mortgage in my own name?

    If you're looking for a mortgage to buy a home for yourselves, then no. Irish law grants your husband certain legal rights in respect of a family home, regardless of whether or not he's named on the property or mortgage, so lenders will insist that he's on the mortgage. For self-employed...
  18. D

    Will child benefit be backdated for a child already over 18?

    I read today that Child Benefit is to be extended this year to children under 19 in full-time education. https://www.independent.ie/irish-news/boost-for-families-as-child-benefit-extension-to-be-brought-forward/a1474954262.html Nephew turned 18 in September 2023 and the payment stopped. He's...
  19. D

    What would happen if your PRSA provider went insolvent

    Agree with @jpd here. Let's say you're invested in a Zurich Life US equity fund which holds 100 different US stocks. The fund itself is run as a distinct legal entity and must hold the 100 stocks. In the event that Zurich Life went bust, the fund (and all its assets) would transfer to another...
Back
Top