What to do with paid up or frozen pensions??

Are you after leaving a company and starting a new job,or did you do this years ago and don’t get any word on your old pension.?

This happens a lot of people and there are millions of paid up pensions left with peoples old employers.

Be careful with this.

You should get them transferred to a personal retirement bond,here’s why.

1-Your pension should be reviewed annually and now this isn’t happening

2-You no longer know what funds your money is invested in

3-What are your annual charges?

4-is my pension growing??

What i would advise is find a pension broker who will review your old pension annually.

We transfer a lot of old pensions to Prbs(personal retirement bonds)in the clients own name,so when they seek to get their money it’s in their name not their old employers.this can also cause a lot of hassle at retirement,trying to chase down your old company to sign forms for you.

We will also make sure your annual charge isn’t too high and most importantly your money is been invested in the correct funds.

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Benefits of Life insurance

While Some people don’t like the idea of discussing the benefits of life insurance, there is certainly an important place for it in peoples overall financial planning. In fact, without the protection of life insurance, loved ones may need to drastically alter their lifestyle if the unexpected should occur and to be honest it’s the first thing i look at with clients when meeting.

In fact, life insurance is one of the most important purchases that you can ever make for your family. Without the proper life insurance plan, your family members could be left with a massive amount of debt, which can make an already difficult situation a thousand times worse. While the fund raiser down the local pub is a great help and most communities organize this when an unexpected tragedy happens, but lets be honest it’s far from ideal.

Life insurance is peace of mind that if an unexpected illness or death occurs to me or my partner,my family will be ok financially(hard to put a price on that)

Although life insurance is often used for providing …

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Independent Pensions Broker Ireland

Pension brokers are not tied to any company and offer independent financial advice to clients and companies.

Our goal is to give comprehensive independent financial advice that is offered across the whole of Ireland. We achieve this by analyzing the market on a fair analysis basis and presenting our research to you before any products are purchased.

So basically our Clients interests are put first as opposed to some tied agents who have to put their companies products first.

Sometimes the tied agents products will not be the best product on the market for the customer but they have no option but to sell you their product.

I have always said the independent broker is much better for the client or Company,this goes for insurance as well as Pensions.

So if you need advice drawing down your pension at retirement or just want to get one started for you or your company,

Then please email me at darragh.farrell@yes.ie or call 01-6339245

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Mortgage protection and Life assurance

Over the last 12 years i came across a few sad stories where a parent had put the Life insurance policy on hold and unfortunately an illness or death occurred.

I have delivered my fair share of cheques to clients and their families at this stage and can’t stress how happy they were to have had the policy.

I and they know it will never replace the person but it will give the family a hell of a helping hand in dealing with a death or serious illness.

Life insurance has never been cheaper and a family in their thirties can be reasonably well protected for €40 per month.

We have all been to local fund raisers down the local pub after the unexpected death of a loved one and now their financially crippled.

When i sit down to do a review with people i stress life insurance first before the savings plan ,pension etc,while these are important they don’t come near the power of the life insurance policy.

I can assure you it’s the most important policy you and …

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Pension Broker Dublin

Pension brokers are not tied to any company and offer  independent financial advice.

Our goal is to give comprehensive independent financial advice that is offered across the whole of Ireland. We achieve this by analyzing the market on a fair analysis basis and presenting our research to you before any products are purchased.

So basically our Clients interests are put first as opposed to some tied agents who have to put their companies products first.

Sometimes the tied agents products will not be the best product on the market for the customer but they have no option but to sell you their product.

I have always said the independent broker is much better for the client,this goes for insurance as well as Pensions.

So if you need advice drawing down your pension at retirement or just want to get one started please

Email me  at darragh.farrell@yes.ie

or call 016339245

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Savings and investment plans

“You should always look under the bonnet of any fund you are considering investing in – not just in relation to the risk the manager might be taking and the size of the fund, but whether its inclusion in a portfolio is justified relative to your risk profile.”

You should also always talk to an Independent Financial adviser as he will do a risk questionnaire on you and you will receive a risk profile which ye can then go and look at funds suitable for you.

Be careful doing lump sum investments or savings with banks as they are tied agents and your not getting a full view of market funds.

Before choosing an investment fund, understand exactly what kind of tax bill you’ll be hit with on any money you make. At the minute it’s 41% on any profits made on the funds.

With equities very low worldwide it’s an excellent time to invest in a savings or investment plan.(less than 1% deposit rate by banks is insulting)

Irish life and Zurich have a multiple portfolio of funds which …

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Why Income Protection??

Life can have its ups and downs but with Income Protection you will be prepared if illness or injury prevent you from working for a period longer than 2 months.

Income protection can give you a replacement income if you can’t work because of an accident or illness. You can still pay your bills and maintain your family’s lifestyle while you concentrate on getting better.

The mains benefits:

Get a replacement income until you go back to work or retire Make as many claims as you need Claim tax relief on your monthly payments Get access to rehabilitation, consultants, Councillors, career change specialists and more

These policies are very affordable and we can all claim tax relief on them or we can set them up so that your company pays the premium.

Call or email me today for your quote at darragh.farrell@yes.ie or 01 6339245

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Why do i need Life Assurance.??

The most important policy or benefit a parent or guardian can have for themselves and their family.

Repeat- Life Assurance is the most important policy or benefit a parent or guardian can have for themselves and their family.

When sitting down with people and discussing their financial situation ,this is the first thing i discuss,before pensions ,car insurance,Home insurance ,travel ins,savings etc etc.

I have seen first hand the tremendous help a life assurance policy gives to a family after the death of a loved one.

Of course it will never bring their loved one back,but it will give a hell of a hand in moving forward and coping with their loss.

If we just simply look at it and think for a second, could you live comfortably every day without your partners wages??

95% of the time the answer is no and i would go as far to say,i would question any man or woman’s sanity that has children and no Life assurance.

Some People pay €35 per week on coffee and wont pay €30/40 a month to protect …

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What is a pension???

A pension plan is a long-term savings plan, where regular amounts and/or once-off lump sums are built up into a fund for retirement.

The importance of having a Pension Plan

Have you ever wondered what you might do when you stop working? Let’s face it we all have!

The reality is that the majority of us will need to save a significant amount just to maintain our existing standard of living in retirement. With advances in modern medicine and improved standards of living, people are generally living longer and can look forward to 20 or 30 years in retirement. This is a long time in which to enjoy the finer aspects of life. Work priorities can be replaced with relaxing, enjoying new hobbies and spending more time with family and friends.

Whatever your goals, one thing is for certain, you will wish to maintain the standard of lifestyle that you enjoyed while you were working.

Don’t keep putting your pension off,it’s your life and the earlier you start the bigger your fund.

Call or email me today at darragh.farrell@yes.ie or …

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Royal London Assurance-Rent Insurance

Royal London has urged people in long-term rental accommodation to “look at ways they can financially protect themselves similar to mortgage holders”.

The head of proposition at Royal London, Joe Charles, said many of the approximately 850,000 people living in rental accommodation in Ireland did not have the financial clout to buy their own home, would be in rented homes long-term, and therefore should seriously consider insuring themselves to provide protection for their homes.

“This leaves those families in long-term rental accommodation in a potentially precarious position,” said Mr Charles.

“For example, if the breadwinner were to become seriously ill or pass away without appropriate cover their family may struggle to maintain rental payments in the long-term.”

He urged renters to put life and specified serious illness cover in place, “to ensure their rent and other ongoing expenses will continue to be paid for their family should anything happen to them”.

Royal London said that, according to its data, just 40% of the Irish population has life cover, which it believed meant much of the remaining 60% may be renting.

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