Welcome to Joseph G. Byrne & Sons

Phone:  01 288 1618
E-mail:   info@byrneactuary.com

Pensions

Corporate Consulting

Our pro-active advice can help employers understand the risks of their current arrangements, implement change, and put their business on a more sustainable and robust footing going forward.

Over 75% of Irish defined benefit schemes are in deficit. Plan sponsors inject ever-increasing amounts of capital into their pension schemes, yet still may not get them under control. The pension reserve in the company accounts can fluctuate wildly from year to year, jeopardising financial plans, share prices and borrowing facilities.

Whilst the trustees and employer usually share a common objective of ensuring that members’ benefits are paid, several different approaches can be taken to achieving that goal. This is where the employer will benefit from independent advice in building a strategy that formalises and meets their objectives.

With potential conflicts leading to less and less director level company representation on trustee boards, employers are turning to their own professional advisers to help them devise a pension strategy. The support provided to employers can range from helping them negotiate with the trustees over the short term funding required by the scheme, to developing a long term de-risking strategy.

The financial accounting implications of any proposed strategies are also fully investigated.

Other services for employers include:

  • Actuarial valuations
  • Accounting disclosures
  • Investment consulting
  • Review and redesign of defined contribution schemes
  • Pension plan restructuring
  • Compliance audits
  • Pension scheme wind ups

If you would like to discuss how we can help, please contact Joe Byrne, or request a call back.

Other services that may interest you:

Accounting Disclosures

Conflicts of Interest

Mergers and Acquisitions

Risk Management