Having a pension is a great starting point when preparing for later life, but almost half of us opt not to review our pensions once they’re set up. It's important to consider how much you will need to continue living comfortably in the future and ensure you are saving enough to sustain that lifestyle when
The financial position for Government in framing the budget was exceptionally strong. A surplus of €25 billion is projected for 2024. At its disposal the Government had €14.1 billion from the Apple Tax ruling; €3.1 billion from the sale of AIB shares; and a €1.5 billion surplus in the National Training Fund. In framing Budget
Homeowners have been warned they may be massively overpaying for their mortgage protection cover. Switching from a mortgage protection insurance policy sold by the bank that provided the mortgage to another provider could lead to savings of €6,000 for a family with 15 years remaining on their mortgage. Using a broker rather than getting cover
1. Purposeful: They have a clear mission to serve clients and help them reach their goals. Great advisors want to do great work for their clients. They stake their business on doing the right thing—and know that business success will follow. 2. Empathetic: They know they cannot effectively serve clients without genuinely relating to them. To
Demonstrating the full value that financial advisers provide to their clients is notoriously challenging. Historically, the financial advice industry anchored on investment performance as the main source of advice value, but such analyses often failed to consider the emotional component of value that advised clients derive from their advisory relationships. Here, we draw on Vanguard’s
There are two ways to use money. One is as a tool to live a better life. The other is as a yardstick of status to measure yourself against others. Many people aspire for the former but get caught up chasing the latter. Money is a tool you can use. But if you’re not careful,
The 50-30-20 rule is a common way to allocate the spending categories in your personal or household budget. The rule targets 50% of your after-tax income toward necessities, 30% toward things you don’t need—but make life a little nicer—and the final 20% toward paying down debt and/or adding to your savings. The 50-30-20 rule isn’t
Recent studies have suggested the benefits of financial planning go beyond simply having enough money. US research conducted by the Leeds School of Business in Colorado found people in the UK and the US who planned for their financial future were likely to live longer than those who did not. It also found people with
Revolut is set to begin selling mortgages. The financial payments company says it is hiring staff with mortgage products in mind, although it has not put an exact timeline on its market entry. The company’s intention to enter the Irish mortgages market was first revealed by the Irish Independent 10 months ago. "We're focused on
Borrowers are being hit with a 10th interest rate rise by the European Central Bank in a move that is set to suck billions of euro out of household budgets. It had been hoped that after nine hikes in lending rates, the ECB would decide to pause hiking rates again this month. But fears that
