Welcome to our first FS Download. This series will round up the main topics across the Financial Services sector in Ireland.  

Asset Management 

Irish Investment Limited Partnership (ILP)

The Irish Investment Limited Partnership (ILP) structure is a regulated partnership structure that is authorised as either a Qualifying Investor Alternative Investment Fund (QIAIF) or Retail Investor Alternative Investment Fund (RIAIF) that will appeal to global investments managers and promoters of, in particular Private Equity, Private Credit, Real Estate, Sustainable Finance, Infrastructure and Real Assets.


Indirect tax update

The Court of Justice of the European Union (CJEU) recently delivered its judgement in the Danske Bank (C-812/19) case.  This case concerns cross border supplies between head office and a branch and whether a charge to VAT arises.


A Rock and a Hard Place

With the recent announcement by Ulster Bank and KBC that they are to leave Ireland, it focusses the lens on the General Insurers in Ireland and the viability of shareholders return.

The devil is in the detail with Insurance

The outcome of a recent business interruption case taken by four public houses against FBD Insurance in Ireland on 5 February and the test case taken by the UK’s Financial Conduct Authority (FCA) against some UK insurers in relation to business interruption cover will cause insurers and policyholders to review policy clauses.

IFRS 17 Insurance Contracts – State of play

With a confirmed effective date for annual reporting periods beginning on or after 1 January 2023, the new standard for the reporting of insurance contracts is looming on the horizon for many (re)insurers.

EIOPA - 2020 review of Solvency II

EIOPA’s review of the Solvency II framework, the purpose of which was to ensure that the Solvency II regime remains fit for purpose, concluded with the submission to the European Commission and publication of EIOPA’s ‘Opinion on the 2020 review of Solvency II’ on 17 December 2020.

CBI - Recovery planning requirement for (re)insurance undertakings

On 27 April 2021, the Central Bank of Ireland published its feedback statement in respect of consultation paper 131 “Regulations for pre-emptive recovery planning for (re)insurers)” (“CP 131”).


Internal audit: Our pension practice expertise and strengths

Our offering consists of a senior model comprised of dedicated internal audit, risk and governance specialists supported by IT and actuarial subject matter experts.