Irish PRSAs worth e178.5m
IRELAND- Personal Retirement Savings Accounts (PRSAs) are now worth more than e178.5m, according to data from the Pensions Board.
A total of 46,257 PRSAs have been taken out in Ireland - 36,557 standard PRSAs and 9,700 non-standard PRSAs. By the end of 2004, 70,382 employers had signed up with a PRSA provider, as required by law,...
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Irish pension funds face new risk reserve requirements
IRELAND - Underfunded pension funds will have to meet new risk reserves which could add 10% to its funding requirements and will have the ability to use sovereign annuities under the proposed new funding standard.
Company director convicted for failing to deposit pensions
IRELAND - An Irish construction company director has been convicted for failing to pass on employee pension contributions to the Construction Worker Pension Scheme (CWPS).
