Consecutive interest rate rises are making us think of paying a bit more off our mortgage. Between us, my husband and I got a salary increase of €4,000 this year which is not earmarked for anything specific. Before we get used to it, should we overpay our loan and what would this involve? We have a Bank of Ireland mortgage which is currently on a fixed rate until August and we owe €205,000 over 14 years left. Our house is worth around €500,000.
The Financial Services and Pensions Ombudsman (the "FSPO") recently published its Overview of Complaints for 2021 which details the actions of the org
By Susanna Rust2021-04-29T14:36:00+01:00
The IORP II Directive, the EU’s pension fund legislation, has been transposed into Irish law – more than two years after the intended deadline.
The development was announced by the government on Tuesday, which said that the general principle in respect of the transposition was that ”the requirements of the Directive will apply to all schemes and trust Retirement Annuity Contracts (RACs), including small schemes and one-member arrangements, where possible and as appropriate, in order to ensure that all members and beneficiaries are afforded equal protection irrespective of size”.
Heather Humphreys, minister for social protection, said many of the provisions in the IORP II Directive would support positive reform of the Irish occupational pension sector, in keeping with the government’s plans.