1
Jun

Extension of Eligible Liabilities Guarantee Scheme

1st June 2011 – the NTMA has today confirmed the extension of the Eligible Liabilities Guarantee Scheme until 31st December 2011. A copy of the press release can be read here. The ELG Scheme is subject to 6 monthly review, and this extension is not unexpected.

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11
May

Pension Levy

The Government last night announced a levy of 0.6% of the market value of private pension funds. This is intended to raise €470 million this year for the exchequer, and the scheme is intended to run for 4 years from 1st January 2011. The levy will apply to occupational pension schemes, personal pensions and PRSA’s. The levy does not apply to public service pensions. …

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8
Apr

Market Update – Q1 2011

Global equity markets were shaken by the civil unrest in Libya and the Middle East and the massive natural disaster that hit Japan during March. Markets sold off strongly in the first half of the month before rebounding towards month end with the MSCI World Index returning -3.6% over the month in Euro terms. Japan was unsurprisingly the worst performing …

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25
Mar

Deposit Rates – 25th March 2011

Updated deposit rates are now available here. As these rates are subject to change at short notice, please contact us should you wish to confirm a specific rate. Our firm acts as a deposit agent for Anglo Irish Bank, EBS, Investec, KBC Bank and PTSB. We are happy to facilitate deposits with these institutions.

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10
Jan

Markets Review – December 2010

December was another good month for global equities and brought an end to a very strong year of performance for global equity markets. The MSCI World Index gained 20.1% over the year in Euro terms with an 11% gain in Quarter 4 alone. In Ireland, 2010 may not have felt like such a positive year, especially for investors focused solely on …

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7
Dec

Budget 2011 – Summary

Good evening – a quick summary of the budget is below. We will no doubt be writing more about this subject in the coming days and weeks! Income Tax · Tax Credits reduced by 10% · Reduction of tax bands by 10% · A step towards a universal social contribution paid by all workers Ø by abolishing income levy and …

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1
Dec

EU/IMF Support Package

Eoin Fahy, Chief Economist with Kleinworth Benson Investors has produced an excellent summary of the recently announced EU/IMF support package. With his kind permission, it’s reproduced below. Last night’s announcement of the details of the EU / IMF support package contained some elements that were as expected, but others that were genuinely surprising. The key issue now is the reaction of depositors. Key …

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10
Nov

Deposit Rates – 10th November 2010

Updated deposit rates are now available here.  As these rates are subject to change at short notice, please contact us should you wish to confirm a specific rate. We act as deposit agents for Investec, PTSB & Anglo Irish Bank, and are happy to facilitate deposits with these institutions.

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9
Jul

Market Review – H1 2010

The MSCI World Index fell 3.2% in June, bringing the 2010 return to date to +5.9%. As has been the case for some months, daily volatility was high and media headlines often gave markets their short term direction. During the first half of 2010 equity markets remained caught in a tug- of-war between strong economic fundamentals and investor fears around potential external shocks. On …

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