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Cardinal boycotts Boston College commencement because Irish leader there abortion is issue
BOSTON - Irish Prime Minister Enda Kenny is speaking at commencement ceremonies at Boston College on Monday, so Boston's Roman Catholic Cardinal Sean O'Malley is staying away. O'Malley objects to Kenny's support for legislation in his country that would permit abortion in Ireland. The leader of the Boston Archdiocese traditionally gives the benediction at Boston ...
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KBC Bank Ireland to launch debit card
KBC Bank Ireland is to launch debit card services to its Irish customers later this year. It is joining up with MasterCard for the new service. The debit card will be accepted at over 33 million retail locations around the world, on the internet and at two million ATMs - wherever MasterCard is ...
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Key talks on public service pay deal to resume
Chief executive of the Labour Relations Commission Kieran Mulvey: to brief Minster for Public Expenditure and Reform Brendan Howlin today on progress in the pay talks. Photograph: Eric Luke/The Irish ...
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Irish funds steam ahead with yet another month of positive returns
Irish pension funds are continuing on their upbeat paths with the sixth consecutive month producing a positive performance, with an average 2.8 per cent return, says Rubicon Investment Consulting. The best performing fund was Irish Life Investment Managers, at 3.9 per cent, and Aviva Investors, although bottom of the table, still managed to return a positive 2.0 per cent for August. ...
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Irish government releases hotly-anticipated report recommending Pensions Board merger
Merges between the Pensions Board and the Financial Regulator, and the Pensions Ombudsman and the Financial Services Ombudsman, have been recommended in the Irish government’s ...
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Irish funds continue to record positive results
Irish pension managed funds have succeeded in another consecutive month of positive returns, according to both Hewitt Associates and Rubicon. ...
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Rihanna blows her top over Northern Ireland T-shirt
Press Eye - Belfast - Northern Ireland - 26 September 2011 -International singer Rihanna pictutred this afternoon at a field near Bangor, County Down, Northern Ireland where she was recording a video for one of her new songs.Mandatory credit:Picture by Stephen Hamilton/ ...
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Locals asked to pay for road maintenance
Local communities are to be asked to contribute up to half the cost of repairs to their roads, as part of a State-wide scheme being promoted by the ...
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Suicide in pregnancy a real risk committee is told
Fine Gael Jerry Buttimer, chairman of the Oireachtas health committee, which is today holding its second day of hearings on the Heads of the Protection of Life during Pregnancy Bill 2013. Photograph: Dave Meehan/The Irish ...
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Oireachtas committee to continue abortion hearings
Fine Gael Jerry Buttimer, chairman of the Oireachtas health committee, which is today holding its second day of hearings on the Heads of the Protection of Life during Pregnancy Bill 2013. Photograph: Dave Meehan/The Irish ...
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Taoiseach to pick up honorary doctorate in Boston
The Taoiseach is to receive an honorary doctorate today from Boston College.Enda Kenny will also deliver the commencement address to 3,000 students graduating from the college this semester.Commencement addresses are usually attended by the Archbishop of Boston, in keeping with the college's Catholic roots, but Cardinal Sean O'Malley is boycotting the event.He says he is avoiding the ...
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Irish funds back in the black
At last some positive news for Irish Pension funds, with Hewitt’s monthly Managed Fund Index reporting that the month of April 2009 returned 8.7 per cent. The global human resources services company released the monitor, which is an indicator of Irish Pension Managed Fund performance, which shows a continuing increase in returns, with March figures standing at 2.6 per cent. ...
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Ireland granted further pension protection
Ireland’s defined benefit (DB) pension scheme members will gain further support with news that a new Pensions Insolvency Payment Scheme (PIPS) is to be introduced in the Social and Welfare and Pensions Bill 2009. Minister for Social and Family Affairs, Mary Hanafin T.D., announced that the new development will assist employees and former employees of companies where the employer ...
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Irish scheme assets drop not as bad as expected – IAPF
Irish pension scheme assets fell by 23% in 2008, the Irish Association of Pension Funds (IAPF) has reported as part of its annual asset allocation survey, which, says the association, is less than might have been expected given recent market conditions At year end, assets under management amounted to EUR 66.7bn compared with EUR 86.6bn at the end of 2007, which brings the total value of ...
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Irish private pensions ‘need support’ – IAPF
Irish private pension provision will be destroyed if the Irish Government goes ahead with a reduction in tax relief, says the Irish Association of Pension Funds (IAPF). Next month’s supplementary Budget will outline the proposals, and the IAPF has released a briefing paper in advance of this. It says that the reduction in relief on pension contributions to the standard rate would ...
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No letup for Irish pension funds
The credit crunch is not letting up on Irish pension funds, with February recording further losses of 5.7 per cent. In January, the average fund declined by 1.9 per cent, brining the return for 2009 so far to -7.5 per cent. The best performing manager during February was Standard Life Investments, with -5.0 per cent, and Irish Life Investment Managers delivered the worst performance of ...
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Cases mount up for Irish Pensions Ombudsman
The Irish Pensions Ombudsman saw a forty-three per cent rise in new cases compared to 2007, with the number of cases closed in 2008 up by ten per cent on last year. Around 450 cases are currently under investigation by the Dublin-based organisation, and its website has recorded over a third of a million hits annually. A statement regarding the provisional figures of the caseload in the ...
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Irish funds record huge 2008 losses
A turbulent 2008 took its toll on Irish pension funds, with recorded losses of €27bn as managed funds declined by 34.8 per cent, according to Rubicon Investment Consulting. Leading a dismal set of results was Setanta Asset Management, with a return of -29.6 per cent, and Hibernian Investment Managers was the worst performing manager with a return of -38.8 per cent. Rubicon has ...
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Irish DC funds given option to defer annuity purchase
A new option for members of defined contribution (DC) occupational pension schemes which will defer the purchase of a retirement annuity for a specified two-year period has been announced by Ireland’s Minister for Finance, Brian Lenihan. Under current provisions, member of DC schemes are obliged to purchase an annuity immediately upon retirement with their pension fund, after ...
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Sarasin carves way into Irish market
The UK subsidiary of the Sarasin Group in Switzerland has its new offices in Dublin, and business operations have begun with immediate effect. The National Gallery in Dublin will host the official launch event of the office on 19 November ...
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Irish pension funds lose third of value
Irish pension funds have lost a third of their value in just 12 months, falling by 33.4 per cent, according to investment consultant Rubicon. In October 2008 alone, Irish pension managed funds fell by 9.2 per cent on average, with the best performance coming from Eagle Star at -8.5 per cent. Irish Life Investment Managers delivered the poorest returns, with -10.5 per cent. So far in ...
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Irish market opens up to China
The Irish funds market has opened its doors to Chinese investors in a move by the Irish Funds Industry Association (IFIA). The Irish financial regulator, IFSRA, signed a Memorandum of Understanding one Thursday 23 October with the China Securities Regulatory Commission (CSRC) and the China Banking Regulatory Commission (CBRC), its Chinese counterparts. This will enable Chinese investors ...
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Pioneer Investments plans to break into Irish market
Pioneer Investments has revealed that it is to enter the Irish Institutional Market, launching its institutional business in Ireland as part of the company’s ongoing growth strategy. The business will be led by Dave Santry as head of institutional business development, Ireland, and will be supported by Kate Parker, vice president of institutional sales in the UK and Ireland. Paul ...
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Zurich Ireland outperforms market despite slump in new Life Insurance business
The Irish branch of Zurich (Eagle Star Life) has revealed that for the six months ending June 2008 it has outperformed the market, with Pensions Annual Premium new business of €47.4 million. The same period in 2007 saw figures of €42.8 million, 11 per cent less than the current situation. This outperformed the market average of zero per cent for regular premium business. ...
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Hewitt reports negative Irish returns
survey. The return was the same as the average manager in the survey, and although continuing market volatility has resulted in a wide dispersion of returns, a year to date the difference between the top and bottom performing manager was 5.4 per cent over the seven months. Canada Life/Setanta was the best performing manager over the month at -1.1 per cent, yet their return over the ...
In-Depth Dublin
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Dublin and Cork are finally linked by motorway
The National Transport authority recently announced to Dublin news media that upgrades to the final stretch of motorway between Cork and Dublin will be opened in 2010, brining to completion a massive infrastructure investment.
The massive upgrade of 250 kilometers of motorway and highway between Dublin and Cork is almost complete, linking the capital with the second largest city in the country. Read more
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