The Battle of Britain 2

September is the month when the trustee training requirement went live. This means that multi-national employers establishing in Ireland, the potential saviours of the Irish economy, will probably have to subject ALL their executives to training in Irish Pensions Law!!

YES – as we face in to the greatest economic crisis this nation has ever known, with the eyes (and ears) of the financial world focussed on every financial move (and hoarse cough) we make, our government can assure them that at least the Pension Board has not been found wanting.

Consider the position of the Directors of British multinationals, many of whom have signalled the idea of establishing their international headquarters in Ireland. Their check-list will now look like this:

Tax rate	Excellent
Educated work force	Excellent
Favourable time zone	Excellent
English Speaking	Excellent
Requirement for all directors to spend 9 hours learning about Irish Pensions	*!!??**!!?

Never in the history of Financial Management has so much grief been caused for so little gain.

Disclaimer: 

• The opinions expressed are those of the individuals rather than Independent Trustee Company.
• Independent Trustee Company does not take responsibility for the accuracy of any content.
• The contents cannot be construed as advice.
• We would strongly suggest that any information provided should be discussed with your financial adviser before any action is taken.