When the European Central Bank governors met this week to announce that its main interest rate was to be cut to a record low of 0.5% nobody was surprised…but not everyone was particularly happy. The rate cut was made against a backdrop of a falling Euro inflation rate currently standing at 1.2% (the ECB generally… Read More
Personal Finance Blog
OECD REVIEW OF THE IRISH PENSIONS SYSTEM
The recently released OECD review of the Irish Pensions Systems might be a worthy tome but its recommendations risk over-reliance on state structures to the detriment of real competition for pension savers. The paper focuses heavily on compulsory structures and auto-enrollment. The Pensions industry, will be focusing on lobbying for a private sector advice based… Read More
Announcing the Pensions Survey Competition Winner…
Amy Bennett was one of hundreds who completed the Ocean Finance Pension Survey and entered the competition to win a cool ipad mini! Congratulations to Amy and all who participated in the survey which revealed some surprising results about what you think about pensions. KEY TAKEOUTS FROM PENSION SURVEY Only 1% of respondents said they… Read More
The Pensions Time Bomb! What the people think
PRESS RELEASE Ireland’s Two Speed Pension Economy – New Survey shows whilst some people have stopped making contributions to their pensions, it is being offset by more people increasing their contributions Ocean.ie, a leading pensions advisory firm in Dublin has just released a pensions survey conducted amongst 503 respondents over a six-week period from February… Read More
A rocket scientist’s guide to understanding your pension
Can the concept of saving during ones working lifetime in order to provide financial security in retirement really be that complicated? It’s not rocket science so why is it beginning to seem like it? It never fails to amaze me just how complicated the pensions world has become. The complexities seem to increase at an… Read More
