IFG shares fell more than 9% on the back of the Dublin-listed financial services group shelving plans to sell its financial advisory division, with the costs of keeping the business also putting paid to shareholder hopes of the award of a special dividend payment.
POLITICIANS cannot resist expediency. Urgent takes precedence over important. Years of demographic analysis, a Green Paper in 2007 and the launch of the National Pension Framework in March of last year set out our looming dilemma of unfunded pension obligations. By 2050 the ratio of workers to retirees will be 1.8: 1. Currently that ratio is 5.6: 1.