Search Results for 'Investment'

The Irish National Teachers’ Organisation said government can afford to pay the cost of teachers’ pensions. The union criticised what it called plans by government to walk away from any responsibility for pensions.

Retiring politicians will reap a massive €10 million in golden handshake payments, a level of taxpayers money that is “absolutely shocking”.

A move by the Personal Injuries Assessment Board to cut the cost of making compensation claims could save up to €2 million per year, according to the Minister for Enterprise, Trade and Innovation, Batt O’Keeffe.

Too much food and wine aren’t the only things causing post Christmas hangovers in 2011. January can be one of the most financially stressful times of the year as Christmas bills start arriving into households around the country during the month. This year in particular, many families will struggle to keep their heads above water as they deal not only with Christmas overspending but reduced incomes, cuts in social welfare and job losses.

While the campaign to stop any cuts for pensions proved successful in the four year recovery plan, Age Action has expressed its disappointment that the Government has ‘agreed to freeze the rate of the State pension until 2015, as part of the bailout deal it has reached with the IMF and the EU’.

Recent analysis by European insurer Aviva has shown that people in Mayo need to save an additional €9,100 a year to live adequately in retirement. Mayo’s annual pensions savings gap, the difference between what is currently being saved and expectations for retirement, stands at €550 million, the equivalent of an average €758 per capita per month of working age or €9,100 a year. These are among the findings of a comprehensive analysis of Ireland’s retirement landscape to date by the company.

Tax specialists Kilkenny-based Taxback.com has been bestowed the prestigious title of RSM International Entrepreneur of the Year in the HSBC European Business Awards

Research conducted for AIB by RED C Research shows that 73 per cent of adults without a private pension say they would need to supplement the state pension to maintain their current lifestyle, while 54 per cent of adults who are saving for a private pension have no idea what income this is likely to provide.

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.

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.