-
Auto Enrolment vs Direct Contribution vs PRSA which one to choose
Choosing the right pension plan is crucial for securing your financial future. In Ireland, three main options stand out: Auto-Enrolment, Direct Contribution (DC) Schemes, and Personal Retirement Savings Accounts (PRSA). Here’s a comprehensive comparison to help you make an informed decision. What is Auto Enrolment? Auto Enrolment is a government-led pension initiative launching in 2026, designed to increase…
-
Investing in Volatile Times: How to navigate through stormy waters
Investing in Volatile Times: How to Stay Calm and Make Smart Moves Periods of market volatility can test the nerves of even the most experienced investors. Sharp swings in asset prices—driven by economic uncertainty, geopolitical events, or changes in policy—often prompt fears of loss and the temptation to make impulsive decisions. However, volatility is a…
-
The Benefits of Pension Consolidation
How to maximise your paid-up pensions and boost your retirement income This case study illustrates how strategic pension consolidation helped John, a 45-year-old Irish professional with a €90,000 annual income and four dormant pension funds totalling €120,000, consolidate his retirement savings and optimise his future financial security. John holds 3 paid-up personal pension plans worth…
-
Why Diversification of investment assets makes sense
The golden rule of investment is diversification – never invest too much in a single company, industry, country, currency or type of asset. Concentrated investment positions can produce spectacular returns if they go well or disastrous ones if they go badly. If you diversify, the peaks and troughs are smoothed out, hopefully without reducing your…
-
Five reasons you should review your protection policies regularly
Regularly reviewing and updating your protection plan is important to ensure that it remains aligned with changing financial circumstances, goals, and market conditions. In this article, we will look at five reasons why you should review your protection policies to ensure they are meeting your cover needs. Good financial planning is an essential aspect of…
-
Starting a pension early can make all the difference in how you start on your path toward a comfortable retirement.
When you think about your future, do you see yourself lounging around, sipping a refreshing drink, and not worrying about money? You can have that future if you start planning your pension today. With the right plan in place, you can enjoy the retirement you’ve always wanted. But if you’re in your 20s or 30s…
-
Financial Planning Tips for Business Owners in Cork
Financial Planning Tips for Business Owners in Cork. Having a solid financial plan is an essential part of being a successful entrepreneur. It can be easy to neglect your finances when you’re focused on growing and nurturing your business. But creating a solid plan, where both your business and personal finances are working for you,…
-
How to use Life Insurance to build financial resilience
Building financial resilience with a life insurance policy should be the foundation stone of personal and business financial planning. Brokers will often refer to the ‘hierarchy of needs’ and it’s generally accepted that this hierarchy is: Life Insurance This is a no-brainer. Life Insurance is a great product. It will replace earned income, clear debts,…
-
What an income protection policy is and what it is not.
We are concerned when we sometimes hear people talking about income protection, as they often don’t do it justice or sometimes don’t even appear to really understand it at all. In these situations, we always suggest that they sit down with a Financial Broker who will give them the A to Z on income protection,…
-
Retirement Planning for Busy Professionals
Retirement Planning for Busy Professionals: Streamlining Your Investment Process Retirement planning is a multi-step process that will evolve as your priorities change. However, there are several retirement savings benchmarks based on age and salary that can help you set attainable targets and track your progress toward them. Most of these acknowledge that there are times when…
