solidrockman
Registered User
- Messages
- 16
If you know nothing about pensions then you should not be taking on the responsibility of recommnding something!
By the way - isn't the company already legally obliged to have appointed a nominated PRSA provider? Have they not done this and if not why?
True, but it's a case of needs must. I'm learning fast and basically if I don't do the legwork on it then it just won't happen - and I'm the one that wants it most!
Some time ago the company registered with New Ireland. No one took out a PRSA, mainly because the company is only a few years on the road and wasn't in a position to contribute at the time. Does this registration affect our pension decision now...?
Surely the only retention tool in this context is if the employer is contributing to an occupational pension fund (usually matching the employer's contribution up to some limit) and they cannot keep these contributions until they have 2+ years membership of the scheme?One disadvantage of PRSA from company's point of view is that the employees can take it with them easily - so it is not really much of a "Retention Tool"...but that can be to the employee's advantage!
Eagle Star ... my impression is that they are the best performers for pensions.
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