Public policy centre

Welcome to Chartered Accountants Ireland’s public policy centre.

We use our research to inform the public policy debate both nationally and internationally.

In this week’s bulletin, read about the European Central Bank’s efforts to kick start the Eurozone economy. Also, read about the recently published study reporting Ireland’s gender pension gap. European Central Bank announces measures to boost Eurozone economy   Reported yesterday, the European Central Bank has announced a new stimulus package to boost Eurozone recovery in the face of an ongoing US-China trade war and possible disruption from Brexit. The boost comes in the form of reduced deposit rates, in an effort to encourage banks to lend to consumers and businesses. It has also been promised that rates would stay low for longer and bond purchases would restart at a rate of €20 billion a month from 1 November.       “Ireland has a gender pension gap of 35 per cent”, reports newly published study   Recently published study – Gender, Pensions and Income in Retirement – has reported a gender pension gap of 35 per cent in Ireland. Carried out as part of a programme of research at the Economic and Social Research institute (ESRI) funded by the Pensions Council, the study has examined key dimensions of the policy debate around gender and pensions in Ireland, income poverty, and financial decision-making. The study has also shown that 55 per cent of men had supplementary pensions beyond the State pension in comparison to only 28 per cent of women.       Read all our updates in our Public Policy web centre.    

Sep 13, 2019

In this week’s bulletin, read about the Department of Finance’s latest paper on the balance of payments in Ireland. In other updates, the Irish government calls for integration of economic growth and climate action as a key industry priority.   Department of Finance paper on balance of payments The Department of Finance published a paper entitled The Balance of Payments in Ireland – Two Decades in the European Monetary Unit, which examines the trajectory of the current account of the balance of payments in Ireland and its importance as a key macroeconomic indicator. The paper’s key findings include the boom-bust-recovery cycle in Ireland, post-recession household savings trends and Ireland’s position as a net external debtor country. Wage growth in Ireland increases at fastest pace in a decade According to the Central Statistics Office’s latest earnings data, average weekly salaries in Ireland have risen from €771.12 in the second quarter of 2019, up from €745.09 a year earlier, representing an annual growth rate of 3.5 per cent. Earnings have increased in 12 out of 13 sectors of the economy examined, with the pace of increase in pay in the private sector outpacing the public sector. Irish government calls for integration of industry strategy and climate action Irish Communications, Climate Action and Environment Minister Richard Bruton and Business, Enterprise and Innovation Minister Heather Humphreys outlined the Government’s plans to promote the integration of economic prosperity and the Cimate Action Plan as a key industry priority, at an industry engagement held last week. They reiterated their message through the launch of Pillar 5 of the Future Jobs Ireland initiative, which mainly focusses on preparing Irish businesses and workers for the future, while paving the way for a transition to a low carbon economy. Northern Ireland coastal project granted more than £800,000 funding Nine projects across Northern Ireland are set to benefit from a coastal communities funding of more than £800,000 from income generated by marine assets. The Department of Agriculture, Environment and Rural Affairs said the initiative will help boost employment via an environmental apprenticeship scheme and restore tourist attractions and business units.     Read all our updates in our Public Policy web centre.  

Sep 02, 2019

In this week’s bulletin, read about the latest Northern Ireland coastal project funding set to boost local economy. Also, wage pressure in the Irish economy has begun to emerge as it accelerates at its fastest pace in a decade.   Northern Ireland coastal project given more than £800,000 funding Nine projects across Northern Ireland are set to benefit from a coastal communities funding of more than £800,000 from income generated by marine assets. The Department of Agriculture, Environment and Rural Affairs said the initiative will help boost employment via an environmental apprenticeship scheme, and restore tourist attractions and business units. Wage growth in Ireland increases at fastest pace in a decade According to the Central Statistics Office’s latest earnings data, the average weekly salaries in Ireland have risen from €771.12 in the second quarter of 2019, up from €745.09 a year earlier, representing an annual growth rate of 3.5 per cent. Earnings have increased in 12 out of 13 sectors of the economy examined, with the pace of increase in pay in the private sector outpacing the public sector.    Read all our updates in our Public Policy webcentre.

Aug 30, 2019

Pensions in Ireland - A responsible way forward

A significant majority of Chartered Accountants are worried about Ireland's pension deficit and favour pension auto-enrolment to guard against poverty in retirement.

In its research report, Chartered Accountants Ireland examines the challenge of an ageing population in Ireland, the reasons that some private sector workers do not provide for their pensions and also looks at a number of different pension funding models used in other countries.

Chartered Accountants Ireland has over 26,000 members working in every sector on the island of Ireland, and is uniquely placed to identify the challenges that the pension deficit will bring.

Read our report on the PDF below.

CTA - Pensions in Ireland-min
NEWS BODY - Pensions in Ireland A responsible way forward-min

Seminar : Pensions under the spotlight
Chartered Accountants Ireland’s members engaged in a comprehensive discussion on the private pension crisis in Ireland at a seminar with Institute President Shauna Greely held in Dublin last Tuesday evening (6 March 2018). 

The event also saw the formal launch of the Institute’s report Pensions in Ireland: A responsible way forward which advocates auto-enrolment. View photos from the event >>>