New pension regime raises various issues

EMPLOYERS and pension fund trustees have been warned to think carefully about how to navigate the law changes on pensions.

Under The Pensions (Amendment) Act 2002 they face a number of challenges in 2003, said pensions consultant, Kevin Cruise O’Shea of Coyle Hamilton, one of the country’s leading brokers and consultants on financial affairs.

One of the most pressing issues facing employers as we move into 2003 is what stance to adopt on Personal Retirement Savings Accounts (PRSAs) expected to come on the market in February or March.