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With the 65 years of age cut-off point long associated with retirement now being called more into question as people continue to live and work longer, a new definition is now being sought for retirement. According to research presented this week at the Retirement Planning Council of Ireland Conference at the Aviva Stadium in Dublin, four out of 10 people coming up to retirement have now expressed a desire to continue working after they leave their current job, whether for money or as volunteers. RPCI CEO John Higgins has now called for a new way to define the concept of retirement in terms, not just of economic gain, but also for social gain.

Irish banks received a boost this week with the extension of the short term Government guarantee for short term bank liabilities, including corporate and interbank deposits as well as debt securities.

AIB has announced that it is targeting Bank of Scotland (Ireland) customers seeking to replace their banking arrangements following the recent announcement from Bank of Scotland (Ireland) that it is withdrawing from the Irish market. Bank of Scotland (Ireland) customers will need an alternative banking provider following the bank’s intention to cease the provision of working capital to businesses by the end of this year, as well as ceasing to take customer deposits.

Talk of cuts in the State pension must stop now according to Age Action which has described the weekly payment as a vital buffer protecting older people from poverty.

The Irish League of Credit Unions is deeply unhappy with the proposed amendments to the Central Bank Bill 2010 as set out by the Minister for Finance last week. The ILCU feels that the Minister for Finance and the Registrar of Credit Unions are attempting to control credit unions in an unreasonable way which will ultimately mean that credit unions will be unable to assist their members as they have done in the past.

The author of the Government commissioned An Bord Snip report has suggested that a general tax of €1,000 per head would be a fair approach in relation to property taxing in Ireland.

Retirement plans are changing radically as people no longer expect to put their feet up at 65 due to money constraints and simply because 65 is no longer deemed old.

Last week, Bank of Ireland held its second annual National Enterprise Week – with the aim of getting small businesses back on their feet and giving them the support they need.

Bank of Ireland is hosting its second National Enterprise Week from Monday May 24 to Friday May 28. It will feature advice seminars along with showcasing opportunities in branches for business owners,to be held across its retail branch network. The initiative has been recognised as part of European SME Week 2010, which takes place across Europe between May 25 and June 1.

Bank of Ireland has launched its second National Enterprise Week which will feature more than 60 tailored advice seminars along with showcasing opportunities in branches for business owners, taking place across its retail branch network from Monday May 24 to Friday May 28. The week long initiative, which is open to both customers and non-customers, is being held as part of the bank’s ongoing commitment to actively support business recovery in the SME sector by providing them with the necessary financial support and practical advice during the current challenging trading environment.