Goodbody/ISEA INFORMATION EVENING OCTOBER 2014 Slide 2 MARIA
ANGELES PONS Financial Planning Manager Introduction/Welcome
October 2014 Goodbody/ISEA Slide 3 URSULA TIP President ISEA
Introduction/Welcome October 2014 Goodbody/ISEA Slide 4 DERMOT
OLEARY Chief Economist Goodbody Economic Prospective October 2014
Goodbody/ISEA Slide 5 Spain & Ireland Europes growth beacons?
Economist: Dermot OLeary Tel: +353 1 641 9167Email:
[email protected] 23 October 2014 Slide 6 The euro area
crisis the never-ending story? Spain & Ireland brothers in arms
Ireland Europes growth beacon Budget 2015 Growth allows prudence to
slip 6 Agenda Slide 7 From sovereign crisis to deflation concerns 7
Greek Bailout I Irish Bailout Portugal Bailout Greek Bailout II
Draghi Whatever it takes Slide 8 8 Growth disappointing
expectations Slide 9 9 France & Italy are the culprits Slide 10
10 Current a/c positions in the euro area Slide 11 11 Rebalancing
Act Slide 12 12 Becoming competitive again Slide 13 13 External
assistance required Slide 14 14 Ireland Europes growth beacon Slide
15 15 Government debt levels remain high Slide 16 European crisis
is not over, but concern is very much focused on France & Italy
there is value in an economic adjustment programme Fiscal leniency
bargain in return for structural reforms ECB is likely to respond
with further action, but will likely fall short of full-blown QE
Stress tests will be important milestone particularly for Spain and
Ireland In Ireland, a broad-based and sustainable recovery now in
evidence Danger that fiscal policies will be determined by politics
rather than economics We all know what to do, we just don't know
how to get re-elected after we've done it, Jean- Claude Juncker 16
Key conclusions Slide 17 ALISON MANLEY Director of Product
Solutions QIAIFS October 2014 Goodbody/ISEA Slide 18 Everyone is
moving to Ireland Alison Manley 22 October 2014 Slide 19 What do
these properties have in common? 19 Slide 20 QIFs become QIAIFs
Qualifying Investor Alternative Investment Fund Tax efficient
investment vehicle, particularly for real estate. Few investment
restrictions. Non-Irish resident investors receive their gains
gross. Regulated by the Central Bank of Ireland. Subject to the
European Alternative Investment Management Funds Directive. 20
Slide 21 Alternative Investment Fund Managers (AIFM) Investment
Managers Legal Advisers Tax Advisers Administrators Custodians
Valuation Agents Auditors Company Service Providers Property
Managers Regulators Dublin is a global centre of expertise QIAIF
service providers 21 Slide 22 Alternative Investment Fund Managers
(AIFM) Investment Managers Legal Advisers Tax Advisers
Administrators Custodians Valuation Agents Auditors Company Service
Providers Property Managers Regulators Dublin is a global centre of
expertise QIAIF service providers 22 Slide 23 22,000 The number of
people providing services to funds 2.9tr The total net value of
funds administered in Ireland 40% Irelands market share of AIF
administration 1,848 The number of QIAIFS regulated in Ireland
1.7bn The gross value of property assets we manage in QIAIFs Some
big numbers 23 Slide 24 BRENDAN MCGINN Director of Pensions
Pensions October 2014 Goodbody/ISEA Slide 25 Goodbody and Pensions
ISEA October 2014 Brendan McGinn, Director of Pensions Slide 26
Trends Funding levels increasing. Tax shelter or replacement
income? Property back on the agenda IPUT REITs Direct DB schemes
Closing Voluntary transfers out of Defined Benefit schemes by
former members Overseas transfers. Social Welfare pensions 26 Slide
27 Goodbody Pensions Business Wish list Budget 2015 Stability
Certainty Removal of levy Re-establishment of trust? Slide 28 28
Pillars of retirement provision 1. State Pension (Contributory) 2.
Private pension 3. Savings & investments 4. Earned income in
retirement Slide 29 Service to pension clients Small Self
Administered Schemes/ARFs Investment management, reporting and tax
compliance services as an approved Pensioneer Trustee and
Qualifying Fund Manager Personal Retirement Savings Account
Goodbody Stockbrokers are approved by Pensions Board and Revenue to
provide a non standard, self directed portfolio based PRSA Self
Directed Pensions Through our product alliance with Zurich we
provide the full range of Self Directed insured pension products
for Self Employed, Directors, PRSA, Buy Out Bonds, ARF and AMRF own
Slide 30 OWEN REDMOND Head of Financial Planning Financial Planning
October 2014 Goodbody/ISEA Slide 31 Goodbody Financial Planning
Current trends in financial planning: Safeguarding current &
future income Assets Income protection Life cover Pension
provisions Education Funding for 2 nd & 3 rd Level fees
Managing Tax Alpha this is the yield added to your investment
return by good tax management. Deposit vs Gross roll up Direct
holdings (Capital Gains) vs Fund (Exit tax) US ETF vs European ETF
Pension vs Personal Slide 32 Goodbody Financial Planning Current
trends in financial planning: Asset migration Annual Gifts to
beneficiaries A couple can pass 6,000 per year Over 10 years the
60,000 could be worth c.68,780* If passed outside a structured plan
the Gift tax would reduce this by c.22,690 Inheritance Tax
management Lifetime tax exempt limits have fallen High (2009) -
542,544 Currently - 225,000 Tax rate has increased from 20% to 33%
*Growth rate of 3% net of costs rolled up to year 10 Slide 33
October 2014 Goodbody/ISEA Slide 34 Questions ? Slide 35 Thank you
Slide 36 REFRESHMENTS & TAPAS Enjoy!!!
