News

The Society of Actuaries in Ireland  provided a research grant last year to Colm Fitzgerald, a Fellow of the Society, to enable him to collate an extensive economic, investment and financial dataset, for use by actuaries and other interested persons and bodies.  Approximately 300 years of equity and bond/interest rate data, along with approximately 900 years of inflation and earnings inflation data,

The Society of Actuaries in Ireland has published a position paper on “Taxation of Private Pension Provision”. 

The primary purpose of the paper is to examine the effect of reducing the tax relief on pension contributions made by individuals.

Individuals currently receive tax relief at their marginal income tax rate on pension contributions.  The National Recovery Plan 2011-2014 proposes to change the tax relief from the individual’s marginal tax rate to the standard tax rate of 20% by 2014.

Paul O'Faherty presented his Presidential Address on 22nd September.

Paul chose the theme of “Relevance in a time of change and turmoil” and opened by asking the question, “Through all the economic turmoil in Ireland, it’s certainly worth asking ourselves individually and collectively as actuaries - how relevant have we been in these most difficult of times?”