Pension Tips –

Business owners need more than a pension, define a succession plan for your business.

It’s not enough just to appoint a manager who can run it when you’re not there. You need a plan in case you can’t be there at all. You should specify and train an assistant manager who would take over your duties. You will also need a compensation plan or incentives, including possible future ownership, to retain these key people to ensure that they work at their best when you’re not around.

www.retirementplanningireland.ie

Author: Geoff Whelan

Geoff graduated from UCD / Institute of Bankers in May 2009 with a degree in financial Services. A (QFA) Qualified Financial Advisor since 2005, Geoff has strived to build on his knowledge of the financial services industry, particularly in the areas of personal financial planning , retirement planning and wealth management.