Ireland established as centre for pooled pension funds

Ireland is the first country in the European Union where Ucits can be established under corporate, trust and contract structures. This means that the country will now be able to host pooled pension schemes. The hope is that it will attract multinational companies ' with employees working internationally ' to base corporate pension plans in the jurisdiction. Luxembourg is also priming itself as a location for pooled pension structures. However, unlike Dublin, the back bone of the Grand Duchy's financial services is in retail funds and associated administration. Dublin has already tailo...