Pensions Awareness Week is coming your way!

Moneycube's Wealth in Practice newsletter provides insights, resources and tips for professional advisors in Ireland. From the financial experts at Moneycube, it features opinions, technical updates, and a focus on wealth and pensions to help you advise your clients.

Wealth in Practice - August Edition

Pensions Awareness Week Ireland (PAW) is back and bigger than ever!  You can join Moneycube and over a dozen other contributors to help create a roadmap for your clients financial future.

Ahead of PAW23, which runs from September 25-29, the PAW team will cover the country for six weeks delivering seminars on topics such as how business owners can maximise their wealth through a pension, how individuals can keep their pension on track by maximising growth and minimise costs, and how companies can confidently outsource their financial wellness offering.

Attendees will also gain access to a range of online resources developed to aid those wishing to take action for their retirement but who lack the knowledge of where to start.

As part of the tour, the PAW team is also offering to review companies’ existing pension schemes in preparation for auto-enrolment coming into force next year. Companies can register for this review online [Review my employee benefits package - Pensions Awareness Week].

PAW23 will offer:

1. Free financial information and a series of online events covering the A to Z of pensions
2. Free 1-2-1 consultations on your pension
3. We’ll also be speaking up in the media on the importance of pensions and how people in Ireland can get to grips with them

Pass it on!

It’s so important to raise awareness – please share this page with those you think might be interested!

While there are plenty of events going on nationwide the centrepiece of PAW23 is a free online event each day, focusing on key aspects of pensions, from starting a pension for business owners, to keeping on the journey, and approaching retirement – as well as exploring company pensions and the introduction of auto-enrolment the financial wellbeing for women and other important issues.

The roadshow is visiting companies face-to-face for the first time since the outbreak of the Covid-19 pandemic and comes following the Retirement Planning Council of Ireland survey earlier this year which revealed that 55% of those aged of 50 intended working beyond retirement with financial considerations emerging as a key theme for working in later years.

With industry leaders, pensions experts, and well-recognised hosts, we’ll discuss the financial dynamics of each industry, and the part pensions can play in building wealth.

We’ve spotlighted the key PAW23 events below – click the images to register now.

Directors and owners of small companies and business owners have unique opportunities to use pensions as a way to extract value from a company in a highly efficient manner. Whether you are starting from scratch, or want to improve on your existing pension arrangement, this 40 minute webinar will help your clients get a grip on what pensions can do for their wealth through their company.

Separately there has been a large number of regulatory changes within the pensions sector which are having an impact on pensions for the self-employed. These include the introduction of advantages to using a PRSA over the single member executive pensions, to the pending introduction of auto-enrolment.  Intended for owners and the self-employed, this session will focus on how some of the recent regulatory changes impact the self-employed and what practical steps can be taken by business owners to take advantage of them.

This year, it’s been impossible to ignore the markets. The last eight months have had their fair share of drama. There have been bank failures and price falls – but also asset price recoveries in some sectors, an improving inflation trend, and continued economic resilience in most of the developed world.

This session looks at how you should invest your pension in 2023 and beyond. Which regions of the world are hot, and which are best avoided? Should you reallocate in or out of equities?  What’s the outlook for commodities and bonds?

Whether it’s market ups and downs, new investment opportunities or new attitudes to existing investments, having a grip on how your pension is invested can make a big difference to your future.

The C-suite guide to retirement

Your destination is in sight. And while there are still a few stops to go it’s important to get your head around that final destination (and beyond!). You’ve worked hard for many years so it’s important that your pension is sufficient to suit the lifestyle you want and deserve in retirement. A little planning while on the road is worth the effort before you reach your destination.

This session, designed exclusively for executives approaching retirement, aims to make their transition from work to retirement smooth and enjoyable by carefully considering the relevant issues from financial questions like investment planning, and how you draw down your pension, or how to handle your pension in your estate planning, to less concrete considerations, like planning your post-retirement ‘career’.

Getting a company pension offering right for management and staff can make a real difference, Running a small or medium-sized business, or forming a new business in Ireland, means wearing a lot of hats.

The focus needs to be on business growth, product development, and smooth operations.  When it comes to HR, keeping it simple and delivering benefits your team actually values is critical.

At the same time, a strong pension and benefits offering is a great way to recruit, reward and retain staff.  Pensions can also enable owner-managers to extract value in a highly efficient manner.  And if you set up your pension offering right, the administrative burden on the business can be minimized.

Happily, it has never been easier for SMEs and new businesses to put a compelling workplace benefits plan in place, whether you are starting from scratch, or want to improve on your existing offering. 

What is Pensions Awareness Week?

Pensions Awareness Week (PAW) is an initiative to raise awareness about the importance of pensions for all people in Ireland.

Many of us feel that we should be doing more to get to grips with our pension plans. Pensions Awareness Week is where that conversation starts. It’s the only place where pension savers, pension experts, businesses and financial wellbeing organisations get together to offer help.  Join the conversation by registering today!

We would be happy to meet with you to discuss ways in which we can support you and your clients with their wealth and employee benefits. Drop us a line at hello@moneycube.ie