Saturday, July 15, 2006

Pensions Review [IE]

Earlier this year, the Irish Pensions Board has reviewed the nation's pensions system. This week, it has delivered a more in-depth analysis of options for mandatory and quasi-mandatory second pillar system enhancements to the Minister of Social Affairs. This analysis does not appear to be available at this point.

It is of particular relevance to the Liechtenstein and Swiss point of view because those countries' mandatory second pillar systems are technically (and erroneously, in our view) considered to be first pillar by the EU Commission. This has some wide ranging implications.

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