News

Author: Vicky Mackie

International Pension Plans: A flexible alternative for South African residents


By Mark Doyle, Director. While South African residents have a choice of domestic retirement savings vehicles, including pension funds, provident funds and retirement annuity funds, these are subject to a maximum annual tax-deductible contribution limit across all such arrangements of 27.5 per cent of qualifying earnings or 350,000 ZAR (whichever is the lower). This annual contribution limit can make it challenging...

Understanding risk and investment choices


By John Batty, Technical Manager. *Introduction* Since the dawn of time, one investment principle has stayed the same; the higher the return you want on your money, the higher the risk you must take. The casino can double your money on roulette in seconds if you correctly pick red or black, but the risk is you will lose it all just as...

Boal & Co announces team expansion with five key appointments


Boal & Co, has announced five new appointments to support its growth strategy. Mike Smith has joined the business as Head of Compliance to fulfil the roles of Compliance Officer and Money Laundering Reporting Officer. A Chartered Member of the Chartered Institute for Securities and Investment, he has more than 35 years’ experience in financial services. Matt Looker has taken the position...

Isle of Man Budget 2022


By John Batty, Technical Manager At first glance David Ashford MBE MHK’s first budget is very much looking to the future and seeks to repair some of the damage done to the nation’s finances over the last two years as we come out of the pandemic. As well as plans for a five-year capital expenditure programme, the budget also includes additional...

Turning a pension fund into an income: the options, the decision factors, and the practicalities


By John Batty, Technical Sales Manager For those with one of the ever-decreasing number of Defined Benefit or Final Salary pension schemes, receiving your pension in retirement is fairly straightforward. At the scheme retirement date, the pension will pay you an amount of monthly income - based on your salary and length of service - for life, with usually a widow(er)’s...

Karen Kelly is promoted to General Manager


Boal & Co has announced the promotion of Karen Kelly to General Manager. With more than 20 years’ experience in the management and administration of international and domestic pensions, Karen has worked at Boal & Co for the past 12 years, previously holding the position of Director, Corporate Pensions. Working closely with CEO, Mark Kiernan and the wider management team, Karen’s...