Sunday 15 February 2004: The Minister for Social and Family Affairs, Mary Coughlan, has appointed Mr Michael McNulty as Chairman of The Pensions Board. Mr McNulty, a native of Longford, is a senior partner in Ernst and Young with 34 years experience as a chartered accountant and is a Fellow of the Institute of Directors and a member of the Institute of Taxation.
Thursday 29 April 2004: The cumulative asset value of Personal Retirement Savings Accounts (PRSAs) is now in excess of €41 million, Pensions Board CEO, Anne Maher, told a conference of the Irish Insurance Federation (IIF) today.
Tuesday 18 October 2005: The Board is currently seeking applications for the post of Head of Technical Services and Research. This is a senior level appointment at Principal Officer level. The recruitment process is being conducted by P E Executive Search and Selection.
The Pensions Board today successfully prosecuted Superwash Launderette Limited for failure to comply with the Pensions Board requests for information in relation to the company’s PRSA obligations.
Sunday 16 October 2005: The Pensions Board has launched a new winter advertising campaign as part of its National Pensions Awareness Campaign, featuring cinema advertising, washroom poster sites as well as national and regional radio advertising. The campaign involves the concept of the future catching up with those who have made inadequate pension provision.
Thursday 22 September 2005: The Pensions Board will be attending at the upcoming National Ploughing Championships in Mogeely, Co. Cork on the 27th, 28th and 29th September to provide pensions information for visitors at this major event.
Wednesday 28 September 2005: The Pensions Board was approached by SIPTU in relation to issues of concern to them in relation to the operation of the Construction Federation Operatives Pension Scheme (CFOPS).
Friday 23 September 2005: The first EU Pensions Directive was adopted in 2003 and all Member States were required to bring this into force in their national legislation by 23 September 2005. Ireland has implemented the Directive through inclusion of statutory requirements in the Social Welfare and Pensions Act, 2005 and underlying Regulations. Complementary tax changes were also introduced in this year’s Finance Act.This Bulletin contains in question and answer format an explanation of the main features of the Regulations.
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