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Hewitt reports negative Irish returns
survey. The return was the same as the average manager in the survey, and although continuing market volatility has resulted in a wide dispersion of returns, a year to date the difference between the top and bottom performing manager was 5.4 per cent over the seven months. Canada Life/Setanta was the best performing manager over the month at -1.1 per cent, yet their return over the ...
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LCP expands into Ireland
Consulting actuaries Lane Clark & Peacock (LCP) has furthered its international expansion with the establishment of offices in Ireland following the merger with HLD Actuarial Consultants (HLD), creating Lane Clark & Peacock Ireland. The Ireland office follows the opening of the Netherlands office last month, and joins LCP’s presence in the UK, Belgium and Switzerland. Based ...
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Irish pension funds feel the pinch as returns tumble
Irish pension funds fell by 1.3% in 2007, the Irish Association of Pension Funds’ (IAPF) annual asset allocation survey has revealed, bringing assets down to €86.6bn at the end of 2007 from €87.7 at the end of 2006. Despite recent falls, however, the total value of assets managed by Irish pension funds has almost doubled from €44.8bn in the five years since the end ...
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Note of caution for Ireland’s trustees
Irish pension funds lost €10 billion in the first three weeks of 2008, according to figures released from Mercer. This news follows a particularly poor year for Irish funds which, despite a strong first half, saw them suffer a €4bn loss in value, with the average pension fund losing close to 4%. Mercer, however, warned funds against taking any ';rash decisions'; in ...
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Compulsion not the answer in Ireland
Butchers, florists and hairdressers in Ireland would be more inclined to set up a pension if the monetary benefits were simplified in the current voluntary system rather than through the introduction of mandatory pensions, according to a new ...
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Ireland important partner for Japan - Abe Shinzo
Japan’s Prime Minister Shinzo Abe has said that Ireland is an extremely important partner for Japan. The first head of the Japanese government to visit Ireland, Mr Abe is in Dublin having attended the G8 Summit in Co Fermanagh. Mr Abe said he deeply respects the process Ireland has gone through under difficult conditions, working seriously to free the country from the debt crisis. At a ...
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Ireland must charge full 12.5 tax rate - OECD
The head of tax for the Organisation for Economic Co-operation and Development has told Ireland it must charge 12.5% tax and not 2% if it wants to retain its tax regime. Pascal Saint-Amans told a conference in Dublin that Ireland's tax regime was "low and attractive". His comments follow controversy regarding multinational Apple, which a US Senate committee claimed was only ...
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Video Obama kids trace family history in Ireland
While President Obama was attending the G-8 summit, Malia, Sasha, and Michelle Obama hit the tourist trail, taking in an Irish dancing performance and exploring their Irish roots. NBC's Annabel Roberts ...
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Republic of Ireland prostituted to Obamas says Irish politician Clare Daly
Taoiseach Enda Kenny has slammed Independent TD Clare Daly after she accused him of 'prostituting' the Republic of Ireland to US president Barack ...
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Burglary rates down 10 in Dublin Shatter tells Oireachtas Committee
Minister for Justice Alan Shatter says fines collection legislation will be published in coming weeks .Photograph: Bryan O'Brien/The Irish ...
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Hours for special needs pupils cut by 10
Support hours for pupils with special needs are being reduced by 10 per cent due to an increase in demand, the National Council for Special Education has announced ...
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Hogan confident public will pay water charges
Phil Hogan has said he does not envisage anybody having their water supply cut off for failing to pay incoming charges because they will want to ...
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Reilly says arson threat on his home will not deter abortion legislation
Pharmaceutical Society of Ireland (PSI) offices in Dublin, Dr Reilly said he was only one of a number of TDs who had been on the receiving end of threats by anti-abortion activists and they were now extending them to journalists ...
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Clare Daly attacks ‘slobbering’ over Obamas
Mr Kenny retorted: "I think your comments are disgraceful. I think they do down the pride of Irish people all over the world who are more than happy to see this island being host to ...
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Husband of Jill Meagher says sentence for rape ‘a disgrace’
Speaking to ABC television after the 41-year-old was sentenced to life for the murder and 15 years for what the judge described as "a savage, violent rape of the worst kind," Tom Meagher said the sentence for rape was not enough given what Bayley had done in the ...
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Father says justice done as Jill Meagher murderer jailed
Jill Meagher s father George McKeon makes a statement to the media on the steps of the Supreme Court after the sentencing of Adrian Bayley for his daughter's rape and murder. Photograph: Michael Clayton / Fairfax ...
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Ireland upbeat on offshore energy future
The Irish government aims to create the right investment climate as it mulls the economic potential of offshore oil and gas reserves, the energy minister said. The Irish government this year announced it was planning a seismic survey offshore to assess the potential for offshore oil and natural gas reserves. The area is considered frontier territory. Irish Energy Minister Pat Rabbitte told an ...
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Irish cruise past Wales in rugby cup warmup
DUBLIN (Reuters) -- Ireland began their rugby union World Cup buildup with a comfortable 35-12 victory over an inexperienced Welsh side on Saturday, outscoring the visitors by five tries to two. The home side never found top gear, but were too strong for an experimental Welsh lineup featuring six uncapped players in their 22-man squad. "These games have been called friendlies, and ...
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Irish jockey Kelly dies from head injuries
DUBLIN (Reuters) -- Leading Irish jump jockey Kieran Kelly died in hospital Tuesday after suffering severe head injuries in a fall last week, the Irish Turf Club said Wednesday. The jockey, aged 25, had been on a life support machine in a ublin hospital since the accident at the Kilbeggan Races in Westmeath last Friday. He sustained severe injuries when Balmy Native came down in the Joe ...
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Irish soldiers safe following Somali attack
The Defence Forces has confirmed that four Irish soldiers are unharmed following a terrorist attack on a United Nations compound in Somalia. Somali Islamist militant group al-Shabaab said its fighters were behind an attack on the building in Mogadishu. It said the battle between their gunmen and security forces continued more than an hour after an initial blast. Four Defence Forces personnel ...
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New details emerge about Bayley’s past
Geoffrey Nettle went into significant detail about Adrian Bayley's background and his criminal past, providing additional information to that outlined at Bayley's pre-sentence hearing last ...
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Noonan says income tax hikes should be avoided
Speaking to journalists at a conference on taxation and the economy at the Royal College of Physicians he said that avoiding higher income taxes was important for ...
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‘You have stolen from her parents their entitlement to see their daughter blossom’
Standing outside the Melbourne court where his daughter Jill Meagher's rapist and murderer had been jailed for at least 35 years, an emotional George McKeon declared justice had been ...
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Japanese firm to create over 400 jobs in Antrim
Japanese prime minister Shinzo Abe visits Titanic Belfast with First Minister Peter Robinson and deputy First Minister Martin McGuinness yesterday. Photograph: Kelvin Boyes/Press Eye/PA ...
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McEntee tops Meath East spending list
The spending limit per candidate in Meath East was EUR31,150. The highest expenditure was on behalf of Ms McEntee (EUR29,842.59), who took the seat vacated by her late father ...
Ireland Digest
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Is Ireland living beyond its means?
Ireland is highly developed and has experienced rapid and constant economic growth in the last few decades, with many calling the country the Celtic Tiger. But recent events in the world economy and the financial situation of Europe may mean changes are afoot for the Tiger.
Ireland is one of the most developed countries in the world and has a high tax high government service economic model, it has for the last few decades substantially reduced the socio-economic inequalities in the economy and had a Gini coefficient score of 30.1 in 2000 while The Economist says we have the best quality of life in the world. This has come at a cost though, government deficits are running at over 10% of GDP, public debt accounts for over 40% of all revenue generated in the economy and the Irish population has a debt level, in relation to disposable income, that is the highest in the developed world – our personal debt in 190% more than our disposable income. All this begs the question, are we living within our means or is Ireland’s economic model unsustainable? Read more
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