Eoin Byrne

This week our Head of Human Capital in Ireland, Mairead O'Mahony, shared her views with the The Irish Times on the transformative impact of the soon to be introduced pension auto-enrolment system. The landmark new system will launch in January 2025 and will help to create a more equitable pensions system in Ireland. Published this week, findings from Aon’s new pension auto-enrolment report reveal that most employers believe the new system can help to reduce the gender pensions gap in Ireland. However, the current scheme does miss opportunities to fully close the gap. Additional measures, such as lowering salary thresholds for the scheme, can help address the gender pension gap once and for all and create a fairer system fit for the future. Read more in today’s Irish Times. https://aon.io/3R8QD1n #AonIreland #AutoEnrolment #Pensions #HumanCapital

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❔ Would you like your retirement savings to be substantially better? 💹 According to Brokers Ireland's Value of Advice research, those who take financial advice have savings that are more than 60% higher than those who don’t. Engage with us to discuss the benefits. https://lnkd.in/eakDrMdV #MilestoneAdvisory #FinancialAdvice #RetirementPlanning #ConstructionPension #NoJargonJustFacts

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The confirmation that the new pension auto-enrolment system will come into force in Ireland from September 2025 is a pivotal moment for both businesses and employees. While this shift will help create a fairer pension system, it also brings significant challenges which leaders must start preparing for today.   At Aon Ireland, we are ready to support employers as they navigate these changes, helping them make better decisions that ensure better financial outcomes for their people. Our Head of Human Capital, Mairead O'Mahony shared her views on what this important milestone means.   #AutoEnrolment #PensionReform #FinancialWellbeing #HumanCapital #AonIreland

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In today's brand new AI Ireland podcast, host Mark Kelly is joined by Pedro Ecija Serrano, a seasoned expert in Actuarial Science, Data Science and AI Ethics. In the episode, Pedro will discuss how AI is quietly innovating insurance with a governance and ethics focus, his advice to define strategy, reverse-engineer success and implement targeted AI actions, becoming a judge for the 2024 AI Awards & much more 🎧Listen to the full episode now 👉 https://lnkd.in/eP2H9s4J #aiireland #artificialintelligence #datascience #actuarialscience #podcast

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What are your retirement dreams? Travelling the world, starting a new hobby, or exploring Ireland and Europe in a motorhome? Whatever your dreams are for your golden years, achieving them requires retirement planning. Our latest blog delivers a thorough guide to planning for a comfortable retirement, covering everything from leisure activities and daily living expenses to potential healthcare needs. With these insights, you'll be well-equipped to enjoy your retirement years without financial stress and with a sense of control over your future. Read the full blog here 👉 https://bit.ly/3zYRqMJ #RetirementPlanning #PensionFunds #FinancialFreedom #GoldenYears #PensionPlanning #RetirementDreams #Travel #Hobbies #FinancialSecurity

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𝐏𝐞𝐧𝐬𝐢𝐨𝐧𝐬 𝐀𝐮𝐭𝐨-𝐄𝐧𝐫𝐨𝐥𝐦𝐞𝐧𝐭 𝐆𝐞𝐭𝐬 𝐂𝐥𝐨𝐬𝐞𝐫 The Automatic Enrolment Retirement Savings System Bill 2024 is set to launch on 1 January 2025, aiming to significantly increase pension coverage in Ireland. While many will benefit, implementation challenges remain. 𝑹𝒆𝒂𝒅 𝒎𝒐𝒓𝒆 𝒊𝒏 𝑨𝑩 𝑴𝒂𝒈𝒂𝒛𝒊𝒏𝒆: https://lnkd.in/eYutPy7N

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The much-heralded introduction of Auto-Enrolment in Ireland, is set to be the biggest development in pensions in a generation. Under the new Auto-Enrolment system it’s going to be very important that employees who have a choice make the right one. Brian Mulcair, Head of Corporate Consulting for WTW in Ireland, wrote an opinion piece in the Irish Times on 6 May, which we have published in full here. https://ow.ly/OBuk50RyuGK #WTW #AutEnrolment #Pensions #EmployeeEngagement

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To launch our series on our 10 Core Principles of Real Financial Planning, one of our private client managers Susan Walsh unpacks what "Real Lifestyle Financial Planning" actually means at Metis Ireland. This approach isn't just about the numbers; it's about creating a plan that empowers you to live well today while preparing for tomorrow. Our tailored financial plans are designed to adapt to your personal, family, or business life changes, ensuring that every decision you make today positively impacts your future. To learn more about what Real Lifestyle Financial Planning means to us, check out Susan's Article: https://lnkd.in/dNrr5m6f #MetisIreland #FinancialPlanning

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The EIS Ltd and InsTech.ie summit hosted by KPMG yesterday here in Dublin was superb. My thanks to all involved in organising it, and to our Marketing leadership Sara Perez and Bobby Cottrell in particular. 👉 Some *takeaways* 👈 1. Transformations are hard, think about evolution or as Lana Briggs called it "continuous change with small bangs along the way". 2. We need to move away from policy centric insurance to customer centric. Building insurers differently requires the "heart and the head" to be joined up (Richard Fisher). 3. Ecosystems are proliferating, think hard about how you can make it as easy as possible to partner and prove value fast. Engaging startups, big techs and insuretechs, putting your insurance business at the centre and orchestrating this value around your customer is critical. 4. Insurance is dead, long live insurance! We heard about some amazing tranformation stories, - ambitions fulfilled. It takes a lot to "stay the course", but it's more than worth it (Rob Stanton Roy Jubraj ). 5. Regulation is a force for good. Use it and don't work against it. DORA is coming, consumer duties and the influx of AI regs etc. Are all trying to act in the best interests of customers. These are opportunities not just obligations. 6. SaaS is trying to takeover the world (Philippe Lafreniere), but focusing on the value it brings, adaptivity and ensuring it's really understood will realise the benefits. 7. "I see customers and employees as equal priorities. Both of their experiences are critical and one often impacts the other..." - Jackie (Jac) Dunne And many more... 💯 Brad Worth Ian Betley Jonathan Phillips (JP) Jason Thackeray Pierre Van Meerbeeck Francesco Pelle Colm McLoughlin Michael Dwyer Alex Moscow Zoe Symonds Mike Bianchi ☁️

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Positivity is in the air, good news as Irish unemployment rates continue to fall. In an RTE report today some of the findings outlined support the feeling that the Irish job market remains robust despite a slight increase in female unemployment. Jack Kennedy senior economist with Indeed, said "the jobs market remains robust as the Irish economy continues to perform strongly amid signs of easing inflation and positive economic data". www.raretec.ie #positivity #Careergoals #careeradvancement #employment

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Positive noises coming from Minister McGrath around potential changes to how investment growth is taxed in Ireland. This is badly needed as current rules encourage poor behaviour. I'd like to see exit tax reduced at least in line with cgt along with a removal of the 1% government levy. Here's hoping a more sensible tax system will be put in place after the review this year. #investing #tax #financialplanning https://lnkd.in/eHrEpSE9

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Navigating the financial landscape as a self-employed professional comes with unique challenges—especially when it comes to retirement planning. Without the security of a company pension or employer contributions, taking proactive steps is essential to securing your financial future.  While the Irish State Pension provides some support, it’s not enough to maintain your current lifestyle in retirement. For self-employed individuals, setting up a personal pension is crucial to ensure long-term financial stability.  Explore your pension options, understand the benefits of tax reliefs and government contributions, and take control of your retirement.  #SelfEmployed #PensionPlanning #FinancialSecurity #RetirementPlanning #FairstoneIreland 

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We are excited to announce the release of our latest paper, "The Fear of Spending Money in Retirement." This insightful document explores the anxiety some retirees face when it comes to spending their savings. Our goal is to raise awareness of this issue and provide actionable strategies to help you enjoy your retirement with confidence. Click the Link https://lnkd.in/efHrz9Z3 #Investwise #RetirementSpending #FinancialPlanning #ThoughtLeadership

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In our July Credit Union newsletter, we present a very comprehensive report on the Irish economy from our new Davy Chief Economist, Kevin Timoney. You can also read insights from Donough Kilmurray, Chief Investment Officer, who is reviewing the mixed market over the last month and Kevin Walsh, Head of Credit Union Consultancy Services, who discusses the bond market and the recent ECB rate cut. https://lnkd.in/eDstffp #creditunions #insight #economy

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Investors in Ireland are happy to invest sustainably unless it costs them in lower financial returns, higher fees or means a later retirement. Read our key findings: https://ow.ly/2BTg50SiGAl Our research of almost 2,000 members, covered in the Sunday Independent and featuring insights by Head of LifeSight Ireland, Maria Quinlan, also found that the majority of people feel financially secure and want more information on sustainable investing. The research of members of LifeSight Ireland schemes, also found that over half of respondents believe that they are currently secure in their financial position and that independent financial advisors and pension providers are the most trusted sources of financial wellness advice. #SustainableInvesting #ESG #LifeSight #MasterTrust #Investing #FinancialWellBeing #FinancialWellness

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