Industry & Business

New President For Brokers Ireland

 Breaking News
  • Lidl Ireland and Buymie Expand Services into Counties Kildare and Wicklow Lidl Ireland has announced the expansion of Buymie services to customers in counties Kildare and Wicklow. In January, Lidl Ireland formed a partnership with Irish start-up Buymie, which provides a personalised online grocery delivery service, delivering in as little as an hour. Offering Buymie services to towns Maynooth, Celbridge, Leixlip, Bray and Greystones, will give 40,000 local households an online [...]...
  • Equinix Unveils Virtual Network Services on Platform Equinix Equinix, Inc, the global interconnection and data centre company, has announced the next phase in the evolution of Platform Equinix® with the unveiling of Network Edge services, a new product innovation enabling companies to modernise networks virtually, within minutes, by deploying network functions virtualisation (NFV) from multiple vendors to connect their digital supply chains at Equinix. Designed to accelerate digital transformation [...]...
  • SaaS Firm Futrli Announces £5.5 Million Delivery Centre in Belfast Great Britain-based Futrli is to invest almost £5.5 million in a new delivery centre in Belfast, with 80 new jobs to be created over three years, more than doubling its headcount. Established in 2014, Futrli supports over 1,200 accountancy firms and 45,000 small businesses globally with software as a service (SaaS) products. The latest, Futrli [...]...
  • Climate Action Plan Launched The Government has published the Climate Action Plan, designed to give Irish people a cleaner, safer and more sustainable future. The far-reaching plan sets out over 180 actions, together with hundreds of sub-actions, that need to be taken at a time when the warning signs are growing, and the time for taking action is rapidly reducing. At [...]...
  • Strencom Invests in VMware Cloud-based Disaster Recovery Service Strencom, the Irish managed connectivity and cloud computing provider, has announced that its Point ‘N’ Click public cloud service has attained VMware Disaster Recovery as a Service™ (DRaaS) Powered status. Strencom has invested €250,000 in the service – building an advanced technology infrastructure as well as investing in new staff and employee training. Point ‘N’ Click [...]...

New President For Brokers Ireland

New President For Brokers Ireland
May 29
15:04 2019

Brokers Ireland has appointed Duncan Duke (pictured) as President following its AGM held in Dublin. Duncan Duke is a founding member and Director of Inverdea Financial Services in Wicklow which won Leinster Broker of the Year 2018 at the Life, Pensions & Investments Awards.

He is also a strong advocate for the ‘Financial Broker’ concept, designed to enable consumers better understand financial planning and what it entails. Speaking following his appointment he said he is looking forward to leading the 1,250 strong member organisation. “As Brokers we have the capacity to infinitely improve the lives of people, enabling them plan their financial futures, enjoy the fruits of good planning and the psychological advantages and sense of well being it brings.”

However, he said there is little evidence to suggest that consumers have learned much about the value of good financial planning following the financial crisis. “The crisis may have made people more risk averse but that doesn’t mean they are taking positive action to plan their financial futures, and that is absolutely critical for people to do,” he said.

He said the housing shortage, combined with high rents, was making planning more challenging for many, particularly those in their 20s and 30s. “Regardless of such challenges, more because of them, the need for financial planning is even more acute,” he added.

And he pointed out that Central Bank figures suggest that Irish savers are keeping the balance sheets of banks in a healthy state. “The irony is, while they are, their savings may be eroding. Once the rate of inflation which reached a seven year high of 1.7% in April exceeds the interest rate you are getting on your savings, it‘s eating into your principal sum.”

He said several studies in Ireland and elsewhere have found those who have used a Broker have nearly double the savings and investments of those who don’t, are more than twice as likely to have a pension and feel more financially confident. “The bottom line is everyone, regardless of age or circumstance, needs to think about what they want for the future.  And detailed financial planning is the road map for getting there,” he said.

About Author



Related Articles

New Subscriber

Subscribe Here


National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories

Upcoming Events

  • No upcoming events
AEC v1.0.4