Sheehy & Manning Financial April 2016

APRIL 2016 EDITION

PRIVACY IN THE WORK PLACE PRIVACY IN THE WORK PLACE Úna Glazier-Farmer Úna Glazier-Farmer

Economic Outlook Economic Outlook Dr. Constantin Gurdgiev Dr. Constantin Gurdgiev

8 WAYS TO STREAMLINE YOUR PROCESS 8 WAYSRECRUITMENT TO STREAMLINE YOUR RECRUITMENT PROCESS HOW TO PULL THE HANDBRAKE ON RISING INSURANCE COSTS HOW TO PULL THE HANDBRAKE ON RISING INSURANCE COSTS LEGAL BRIEFS BUSINESS BRIEFS

Meet The Team Meet The Team

Protect Your Future With Us

Table of Contents Privacy in the Workplace - Una Glazier Farmer .................................. P3 Economic Outlook - Dr Constantin Gurdgiev .................................... P5 Business Briefs .............................................................................................. P8 8 Ways to Streamline Your Recruitment Process .............................. P10 How to Pull the Handbrake on Rising Insurance Costs................... P11 Switch and Save on Energy Costs .......................................................... P13 Legal Briefs ..................................................................................................... P15 Best Deals on a Brand New Car .............................................................. P16 3 Important Areas to Include in Your Home Insurance ................. P17 Meet the Team ............................................................................................. P19 Range of Services ....................................................................................... P20

WELCOME Welcome to the April edition of Sheehy & Manning Financial’s newsletter.

Spring is here and we are looking forward to the, hopefully, warm and sunny Summer months.

Economically, the outlook is also bright and hopefully your business is experiencing a successful 2016 so far.

I hope that you find the articles in this newsletter of interest to you. As always, we welcome feedback and suggestions.

Please do not hesitate to contact me with any financial services queries.

Mike

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BĂRBULESCU v. ROMANIA – What does this mean for privacy in the workplace? Úna Glazier-Farmer B.A., LL.B, LL.M in Competition Law, Dip. in Finance Law On the 12th January 2016, the European Court of Human Rights (“ECHR”) published its judgment in a challenge taken by an employee, Mr. Barbulescu, whose employment was terminated for his use of Yahoo Messenger during working hours on his employer's network.

Following an unsuccessful challenge to this decision before the Courts in Romania, Mr. Barbulescu appealed to the ECHR under Article 8 of the European Convention on Human Rights on the basis that the correspondence pertained to his private life. Article 8 states: “1. Everyone has the right to respect for his private and family life, his home, and his correspondence.

2. There shall be no interference by a public authority with the exercise of this right except such as is in accordance with the law and is necessary in a democratic society in the interests of national security, public safety or the economic well-being of the country, for the prevention of disorder or crime, for the protection of health or morals, or for the protection of the rights and freedoms of others.”

Government's submissions

Facts Mr. Barbulescu was employed as an engineer. He was requested by his employer to set up a Yahoo Messenger account to allow for communication with clients. He duly carried out these instructions. However, Mr. Barbulescu also used the messaging app to message his fiancé and brother during working hours, something, which was in direct violation of the Company’s Internet Usage policy.

The Government of Romania noted that Mr. Barbulescu set up the account for professional use and during the internal investigation claimed that he only used it for this purpose. It was argued that this prevented Mr. Barbulescu from later claiming an "exception of privacy" while at the same time denying any private use.

During a period in July 2007, his employer informed him that his Internet usage had been monitored and it showed that he was using the Company's Internet for personal purposes.

Disciplinary The Company launched an internal disciplinary investigation into Mr. Barbulescu, which produced a 45 page report on his personal communications. The outcome of the investigation resulted in his employment being terminated for the breach of Company policy.

Challenge Mr. Barbulescu argued that the Yahoo account was created at the request of his employer. However, following a review of his communications, it was discovered that Mr. Barbulescu messaged his fiancé and brother on the application during working hours.

Relying on case-law from the French Court of Cassation, wherein it was held that emails sent by an employee were at the disposal of his employer and could be deemed to have professional character and thereby accessible to the employer.

An important point to note was that at all times Mr. Barbulescu was aware that his workplace communications could be monitored.

Comment While this is a significant decision in relation to the workplace, it does not allow for unlimited monitoring or access to employee‘s use of company computers, by employers. The key point in the judgment was that Article 8 could be relied upon in the workplace

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but only where there is a ‘reasonable expectation of privacy’.

Therefore, where there is a clear Internet Usage policy to include all devices and application and the employee has been adequately advised of the policy and accepted it in writing, then the Barbulescu decision may be relied upon.

In a contrasting judgment of the ECHR of Copland v UK (2000), it was held that an employer breached Article 8 in its monitoring

and recording of an employee’s phone calls, emails and Internet usage. One of the significant differences between this case and Barbulescu was there was no warning that her usage would be liable to monitoring.

There is commentary to suggest that this judgment will be appealed to the Grand Chamber but this remains to be seen.

1 Ensure that there is an updated and unambiguous Internet Usage policy in place.

2 All employees should be adequately trained in the policy as well as accepting it by signing it; 3 Employers should establish clear guidelines for employees if a level of personal communication is permitted in the workplace; 4 A clear explanation of when, how and why workplace emails will be monitored; 5 Give clear examples of unacceptable use (such as sending emails containing obscene, racist, sexist, or defamatory content); 6 If employees use their own devices, e.g. mobile, tablet or laptop , for work related communications ensure that there is a Bring your own Device (BYOD) policy in place; 7 It is essential that there is a statement making it clear that that any breach of the policy may result in disciplinary action including dismissal; and 8 As with any breach of workplace polices ensure that employees are dealt with fairly and in accordance with the principles of natural justice, i.e. right to be heard, right to representation, right to have all the evidence presented to them in advance of the hearing, right to a fair and impartial hearing and only form a judgment after all the facts have been disclosed.

Úna Glazier-Farmer BL bio Úna Glazier-Farmer (B.A., LL.B, LL.M in Competition Law, Dip. in Finance Law) is a practicing barrister with extensive experience in employment law and personal injuries.

Shortage of seed finance could hold back firms A shortage of seed finance could threaten the potential of some of the most promising new and growing companies on the island, InterTradeIreland, has warned.

The cross-Border trade and business development body hosted its 15th annual venture capital conference in the Belfast, recently, bringing together hundreds of entrepreneurs, startups, venture capitalists and other potential investors.

The conference heard there is no shortage of ambition or enthusiasm when it comes to getting new business ideas off the ground - North or South.

But according to Drew O’Sullivan, InterTradeIreland’s lead equity adviser, there is a lack of seed finance available that could mean some of these start ups will not grow as fast as they possibly should.

According to the Irish Venture Capital Association, the amount raised by seed funds in Ireland last year was €43.8 million, down from €66.8 million in 2014.

In 2015, seed funding accounted for 8 per cent of the overall €522 million raised through venture capital.

Mr O’Sullivan said that businesses in 2016 need to look elsewhere to secure the financial support they require and that one option is crowd funding.

“Seed funds are getting replenished and we’ve had very good domestic seed funds, but the landscape at the moment when it comes to seed funding is quite dry - it’s just where the cycle is, and it’s not going to last forever, but for the time being the lack of seed funding is a big issue.

“There are other options such as crowd funding and of course angel funding from HBAN and Halo NI - angel investors and other established entrepreneurs have the confidence to invest in startups and growing businesses because they’ve seen how successful exits can deliver for them on the island - and this is helping to fill the gap,” he added.

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Economic Outlook Dr Constantin Gurdgiev Ever since the first rumors of the U.S. Federal monetary policy tapering in 2013, global financial markets have been living in the shadow of consensual fear of the rising interest rates. The prospects of rates ‘normalisation’ both in the world’s largest economy and, with lags, in other advanced economies, have made the front pages of financial press, consumed volumes of asset managers’ research notes and drove volatility into the real markets across a range of major asset classes, starting with equities and moving into fixed income. The same prospects have also influenced the evolution of the global capex trends. The impact was felt beyond the realm of financial products, spilling over into the real economies.

The pre-conditions to the current movement toward tapering out of the quantitative easing programmes (excluding the ECB programme) around the world are striking.

Last time Bank of Japan’s policy rate was at or above 1% was in June 1995. Before the era of low rates on-set, Japanese economy managed to deliver average annual rate of real economic growth of around 3.6 percent. Since the onset of monetary easing, Japanese economic growth averaged less than 0.8 percent. Things are now so bad even introduction of the negative rates earlier this year failed to produce a desired effect of inducing a yen devaluation.

Instead, Bank of Japan’s shenanigans moved markets to bid yen up.

The U.S. Fed has been keeping its own policy rate at or below 1 percent since October 2008. Before then (starting with 1980), the U.S. enjoyed average growth rates of 3.04 percent per annum, while since the start of the Fed activism, growth averaged 1.44 percent. There was not a single year between 2008 and 2015 in which growth has hit the pre-crisis average, despite the Fed effectively

monetising a fiscal stimulus on top of a massive lending spree, as well as funding shares buy-backs, corporate debt issuance and M&As. Meanwhile, in the Euro area, ECB policy rate fell below its pre-crisis historical low in March 2009 and continued on a downward trend from then on. This coincided with a swing in average real growth rates from 2.02 percent per annum to 0.05 percent. Yes, the numbers speak for themselves: since the start of the Global Financial Crisis, Euro area enjoyed average rates of economic growth that are 16 times lower than the same period average growth in Japan.

No need to remind you which economy suffered from a devastating earthquake and a tsunami in 2011.

In the UK, Bank of England rate hit 1.0 percent in February 2009 and has been below that level ever since. Pre-2009 growth averaged 2.44 percent per annum, and since Bank of England monetary policy jubilee set on, it has been running at 1.01 percent.

You get the picture: unprecedented by historical comparisons monetary policy deployments across advanced economies produced, at best, lukewarm and drawn-out recoveries. At worst, recent monetary policies achieved the Japanification of the Euro area (a slide of the economy into a near-deflationary growth stagnation).

The European Central Bank cut its key lending rate to zero (from 0.05 percent) in March, slashing its deposit rate further into negative territory (to -0.4 percent from -0.3 percent). Desperate for stimulating slack corporate investment, the ECB also significantly expanded the size and scope of its asset-buying program, hiking monthly purchases targets from EUR60 billion to EUR80 billion.

Worse, Mario Draghi also expanded the scope of the programme to include investment grade, euro-denominated debt issued by non-financial corporations. And he announced yet another TLTRO – a longer-term lending programme (4 years duration this time around, having previously failed to deliver any meaningful uplift in the corporate capex via three 3-year long programmes). The new TLTRO will be operating on the basis of the ECB deposit rate, effectively implying that Frankfurt will be giving away free money to the banks as long as they write new loans using this cash. Last, but not least, the finish line for the ECB’s flagship QE programme was pushed out into March 2017 from September 2016.

And yet, the ECB’s latest blietzkrieg into the uncharted lands of monetarist innovation ended with exactly the same outrun as was the case for the Bank of Japan few weeks before it. On the day of the announcement, Euro failed to devalue vis-à-vis its main

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counterparts, posting instead an upward correction amidst huge volatility. Why? Because the markets are practically obsessed with forward looking rates changes. Which means that the shorter-term measures expanding money supply and stimulating credit issuance and demand fall prey to long-term expectations concerning rates ‘normalisations’.

have been well prepared for them. Still, following the announcements, there were big spikes in volatility across the markets and asset classes, accompanied by severe swings in currencies.

The question that drives these swings in investors’ sentiment is a singular one: what really happens in the medium term to financial assets when interest rates rise?

Recent research from Credit Suisse and the London Business School used data covering 21 countries over the period of 1900-2015. The authors found that based historically, interest rates changes announcement trigger only minor reaction in the markets, with such reaction further diminished by pre-announcement of rates changes. Per Credit Suisse Research: “…real equity and bond returns tended to be higher in the year following rate falls than in the year after rate rises… The report found marked and statistically significant differences in stock and bond returns between periods following interest rate rises and periods after rate cuts. In the USA, annualized real equity returns were just 2.53 percent during tightening cycles and 109.3 percent during loosening periods. Real bond returns were 0.23 percent in hiking cycles and 3.76 percent during periods of easing“.

Before December 2015, no investment professional in their early careers had witnessed a substantive rise in interest rates in their entire tenure in the investment markets. Worse, interest rates have now been continuously below their historical averages for 88 months in the euro area and the UK, 102 months in the U.S. and 270 months in Japan. U.S. rates are currently running some 460 bps below their historical average, Japanese and Euro area rates are 200 bps lower, while UK rates are roughly 290 bps down on average.

The chart below shows the extent and the duration of the current monetarist aberration in the Euro area.

CHART

Source: Author’s own calculations based on data from the ECB

In simple terms, restoring ‘normality’ in the interest rates environment will require a very painful adjustment to the cost of capital for non-financial companies, banks and households. Adjustments that not only going to be disruptive to the economies, but are likely to take long time.

This, along with the fear of the unknown by the younger generations of traders and investors, are the two key reasons that explain the markets’ reactions to the December 15 hike by the Fed, the Bank of Japan policy move in January and the ECB QE extension and expansion announcement in March. In all cases, policies changes ultimately delivered by the Central Banks were well flagged and anticipated, both in magnitude and timing, and in some cases in terms of policy specifics. In all cases, the markets

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So from the point of view of the post-crisis period, the rallies and recoveries in bonds and equities over the last six years have been justifiable. The latter suffered massive fall-offs in the wake of the Global Financial Crisis, and the recovery in markets valuations has been in line with the Central Banks’ activist efforts to prop up liquidity within and solvency of the financial systems. The former witnessed valuations increases driven by the stagnation-like economic recoveries and the QE-driven supply-demand mismatches in the fixed income markets.

However, from the forward perspective, periods of rates normalisation that await major advanced economies are likely to see both returns to bonds and equities falling in the near future. The reasons for this assertion are multiple. Firstly, as December 15 hike by the Fed and subsequent policy changes by Bank of Japan and the ECB showed, there is a high probability of policymakers committing serious errors in structuring monetary policy forward. Secondly, despite all the Central Banks’ efforts to help Governments to implement systemic reforms, structural changes in the advanced economies are thin on the ground. Which means there is plenty of systemic fragility around. Thirdly, cyclicality of economic growth and asset returns suggests that over the next 5-10 years, returns on bonds and equities are likely to be subdued.

Over the medium term, we are likely to see zero real (inflation adjusted) returns to bonds and low returns to equities. For a traditional 40:60 portfolio, this implies 1.5-2.5 percent real returns, hardly a reason to get excited. Which is consistent with markets behaviour in recent months. Over 2014-2015, and into the first months of 2016, traditional screening strategies for equities selection delivered returns of 0.8-4.7 percent. Momentum trading strategies, meanwhile, were able to capture greater upsides from volatility, yielding 12-13 percent excess returns.

The gap between passive returns and momentum trading returns in Europe has been even deeper.

As the gap between cheaper and more expensive equities gets bid down (a dynamic evident in the markets since the start of 2014), passive screening is likely to experience even greater compression of returns. This, in turn, means more money flowing into momentum strategies, bidding down momentum returns, but also pushing equities off mean-reversion paths, into a major correction.

The result – gradual slowing down across all market strategies and low returns for a new medium term cycle.

However, normalisation of the monetary policy environment does not have to pose the risk of a steep drop off in returns for investors, willing to recognise the changing nature of the markets. As the above suggests, during the period of rates normalisation, structurally lower returns on ‘buy-and-hold’ strategies will be associated with rising volatility and widening trading spreads.

lower return markets. In addition in seeking to smooth extreme volatility, investors should also strive to strike the right balance between achieving execution costs efficiencies, while avoiding sub-optimally low frequency of trading on their portfolios. Lastly, greater tax efficiencies can help deliver a stronger portfolio beta during the more subdued markets returns.

In this environment, retail investors require access to more dynamic tactical asset management tools to extract greater value out of

In brief, high quality strategy advice, tax planning and markets analysis will make all the difference in investor returns in years to come.

Dr. Constantin Gurdgiev is the Adjunct Assistant Professor of Finance with Trinity College, Dublin, and serves as a co-Founder and a Director of the Irish Mortgage Holders Organization, Ltd and the Chairman of Ireland Russia Business Association. He holds non-executive appointment on the Investment Committee of Heinz Global Asset Management, LLC (US).

In the past, Dr. Gurdgiev served as the Head of Research with St Columbanus AG (Switzerland), the Head of Macroeconomics with the Institute for Business Value, IBM, Director of Research with NCB Stockbrokers, Ltd, and Group Editor and Director of Business & Finance Publications.

He also held a non-executive appointment on the Investment Committee of GoldCore, Ltd (Ireland) and Sierra Nevada College (US).

Born in Moscow, Russia, Dr. Gurdgiev was educated in the University of California, Los Angeles, University of Chicago, Johns Hopkins University and Trinity College, Dublin.

Government targets €1.25bn of total €75bn Horizon 2020 budget Nearly 600 science projects run through colleges and companies in Ireland won have won funding worth €251 million from the Horizon 2020 programme, the Minister for Skills, Research & Innovation, Damien English, has announced.

Horizon 2020 is the European Union’s programme for Research and Innovation, and it has granted €157 million of that funding to projects in the higher education system and €72 million to companies based in Ireland, English said.

In the Marie Skłodowska-Curie sub-programme of Horizon 2020, which promotes the training of researchers, Ireland won €18.5 million, equivalent to 35 per cent of the available Marie Skłodowska-Curie budget. That brought Ireland’s total from this sub-programme to €49 million.

According to the Department of Skills, Ireland has a target of winning €1.25 billion of the almost €75 Horizon 2020 for the period 2014 to 2020.

In a statement, English said he was “delighted with this performance to date which clearly shows that Ireland is on track to achieve its ambitious national target of €1.25bn.”

“This success bears testimony to the excellence of research in Ireland, both in our higher education system and in our innovative companies. It shows that our researchers are among the best in the EU”.

The applications for funding for Horizon 2020 are coordinated by Enterprise Ireland, and Imelda Lambkin, National Director for Horizon 2020 at Enterprise Ireland, said “ A key role of Enterprise Ireland is to support the commercialisation of research and the development of innovative businesses.

We are proud to lead Ireland’s participation in Horizon 2020 and the €250m in funding secured by Irish researchers and companies under the programme demonstrates the strength and leadership of the people involved.

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BIZ BRIEFS

Construction activity at highest since 2000

Red tape a greater concern to SMEs than finance

Irish construction activity increased at its fastest pace since June 2000 during February, according to the latest Ulster Bank Construction Purchasing Managers' Index.

Government-controlled red tape is strangling businesses more so than a lack of access to credit, according to new research.

Taxation, regulatory and compliance issues are the biggest challenges small and medium sized companies face with access to credit and a lack of government support next in line, a survey carried out by software firm Big Red Cloud found.

“Far from pointing the finger at the banks for slowing their growth, 66% of SMEs point to Government-controlled issues of taxation, regulation & compliance and a general lack of Government support as the key impediments to job-delivering growth.

“We’ve been through a dark few years and those business that have managed to survive are still reeling from the effects of the downturn but there is also a feeling on the ground that if they have survived the last few years then there is hope. They are ready to grow; they want to push ahead but there are so many obstacles in their way,” said Big Red

The Index rose to 68.8 in February from 63.6 the previous month. This was the highest reading in the history of the survey, surpassing a previous peak set in November 2004. Construction activity has now increased on a monthly basis throughout the past two-and-a-half years.

However, Ulster Bank chief economist Simon Barry expressed caution. "Record rates of growth need to be seen in the context of what are still extremely low levels of construction activity. This point was borne out by [recent] national accounts figures which showed that even after three years of recovery at very solid growth rates, construction output is still about 50pc lower than pre-crisis peak levels," he said.

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Cloud chief executive Marc O’Dwyer.

The survey also points to concerns around the high rate of capital gains tax and strict rules governing Employment and Investment Incentive Scheme.

“There is real sense of disillusionment amongst smaller businesses,” Mr O’Dwyer said.

New car registrations rose by 37% in February The Society of the Irish Motor Industry (SIMI) statistics for February show a 37pc increase (to 21,625).Registrations for the year-to-date are up 35pc (to 61,350 compared with 45,586 for the first two months of 2015).SIMI Deputy Director General Brian Cooke says the figures “clearly indicate” consumer and business confidence remain strong.The five top-selling brands this year are: Hyundai, Toyota, Ford, Volkswagen and Nissan.The top-five selling models are: The Hyundai Tucson, Ford Focus, Volkswagen Golf, Skoda Octavia and Toyota Corolla. Light Commercial Vehicles (LCVs) are up 39pc so far this year.

New €100m loan fund for dairy farmers to combat price volatility A new €100 million loan fund offering dairy farmers more flexible repayment structures to help them cope with price volatility has been established.

Glanbia has teamed up with the Ireland Strategic Investment Fund, Rabobank and Finance Ireland to offer suppliers finance with inbuilt “flex triggers”.

The Glanbia MilkFlex Fund adjusts the repayment terms on loans in line with movements in prices so as to provide farmers with cash flow relief when they need it.

Global milk prices have fallen by nearly 40 per cent since 2014 on the back of a glut in production, a fall-off in Chinese demand and the Russian trade ban.

The slump has wiped more than €800 million off the value of Ireland’s dairy sector seen average incomes drop by up to €35,000.

Rabobank, the Ireland Strategic Investment Fund, Finance Ireland and Glanbia Co-Operative Society plan to invest in the fund while Finance Ireland will originate and manage the loans, which will range from €25,000 to €300,000.

When milk prices fall below 28 cent a litre for three consecutive months, repayments will be temporarily reduced. A milk price below 26 cent a litre will trigger an automatic moratorium on repayment while milk prices above 34 cent will prompt an increase in loan repayments.

EU Commissioner for Agriculture and Rural Development, Phil Hogan said: “This new model of funding for milk suppliers is an international first and will mitigate the investment risks for milk suppliers.”

Minister for Agriculture Simon Coveney said: “While any decision to invest must be based on sound financial planning, it is important for farmers to be able to access affordable financing in a timely manner.

Glanbia managing director Siobhan Talbot said: “This product is designed to match the cash flow generated by a dairy farm enterprise, with no repayments during certain times of low prices and increased repayments at times of high prices.”

Ornua opens €20m cheese plant in Saudi Arabia Ireland's largest exporter of dairy products Ornua has opened a new €20m cheese plant in Riyadh, Saudi Arabia.

The facility will make white cheeses for the Saudi Arabian market, which is the world's fifth-largest dairy importer.

The Riyadh plant will also act as a central hub for the firm to access dairy markets in the Middle East North Africa (MENA) region.

Chief executive of the Kerrygold-maker Kevin Lane said the facility will provide Ornua with a new route to market for Irish dairy. "We now have a manufacturing and trading hub in place to service the high growth dairy market of Saudi Arabia and our growing MENA customer base," Mr Lane said.

New technology developed by Ornua and Teagasc, will be installed at the facility in order to create the range of white cheeses. The Ornua boss said the ability to innovate and respond to market needs is "key to developing opportunities for Irish dairy". The Riyadh plant will also have an innovation hub that will be used to develop cheese solutions with customers. The move follows on from Ornua's acquisition of Shanghai-based dairy manufacturer, Ambrosia. The Ambrosia takeover was the firm's first Chinese deal.

Applegreen aiming to expanded US presence Irish forecourt retailer Applegreen is in talks to expand its footprint in the United States after delivering strong results for 2015.

The company, which floated on the stockmarket last year, is in negotiations with a potential franchise partner in the US, and also in discussions to extend its trial presence there to Massachusetts.

Applegreen currently has five outlets in Long Island, having acquired three sites there last year.But chief executive Bob Etchingham stressed that the US remains a small part of the group's business and that it's focused on a long-term play there.He added that the US operation managed to break even last year.

But it's in Ireland and the UK where Applegreen continues to see its biggest opportunity.The company's earnings before interest, tax, depreciation and amortisation (EBITDA), rose 26pc to €28.9m last year, while revenue was 15pc higher at €1.08bn.

The company operates from 200 sites, including forecourts and motorway service areas. It has just opened its second service area in Northern Ireland.

Applegreen spent €58.8m on capital expenditure last year, and chief financial officer Paul Lynch said that the company currently has sufficient funds for its planned estate development into next year.

Last year, Applegreen expanded its portfolio by 48 sites, 37 of them in the Republic of Ireland. It's likely to increase it by a similar rate this year.

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8 Ways

to Streamline Your Recruitment Process Most small Irish businesses have mapped out their strategic plans for 2016. If you're still at a loss with regards to your recruitment goals, follow the eight steps below.

Recruiting is a challenge for many small and medium enterprises, especially in the current economic climate. However, if you're hoping to grow your business in the next twelve months, it would be prudent to think about hiring the necessary staff to enable you to take advantage of opportunities that may arise.

According to a Hays Ireland survey, as much as 68% of small and medium enterprises have very little confidence in their own recruitment methods, rating it as "average at best". If you have the same misgivings about your company's hiring practices, consider following these eight tips to help ensure that you hire the right person for the job, the first time.

1. Create a Process Even if you don't have a hiring strategy in place for the year, consider what you might need as the year progresses. If your financial quarter shows strong sales or good profits, that might indicate a good time to start hiring. You might be able to fill the required skill-sets with existing employees, or you may have to set aside time to hire a new employee. The key is to help them settle in and become integrated in their role and in the company culture as quickly as possible.

acknowledge all applicants in order to provide a positive candidate experience and as a result boost your employer brand.

6. Set Aside Interview Days

2. Be Specific Hiring the right employee means that you have to be specific in your requirements. There's more to it than writing a short list of skills. Bear in mind the subtle differences between what the new recruit will deliver on day one, but also in the months and years to follow.

3. Write a Job Ad When it comes to writing the job ad, be sure to understand the difference between that and a job specification. The job ad should be compelling enough to attract the right person, who will read it and apply. The job market is competitive, so you need to sell the role and the organisation in your advert.

4. Network Deciding where you will place your ad is an important factor in finding the new recruit. Where would the ideal candidate look for the job you have to offer? Your personal network and that of your existing staff may offer access to the right contacts.

5. Acknowledge Your Applicants Companies and recruitment agencies often don't acknowledge applicants after applications have been submitted. In a small industry sector or geographic area, it is even more important to

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Instead of spreading all the interviews across two weeks or a month, set aside a day or two of back-to-back interviews to make the decision process easier.

7. Be Objective Interviewers tend to choose a person they like - it's human nature, and not a bad thing. However, in order to ensure you're hiring the right person, it would be wise to get a second opinion. You could either use the same questions for each candidate and work on a scoring system to be more impartial, or you could find someone to provide an independent view.

8. Decide Quickly By dragging out the hiring process, you might miss out on the ideal candidate and you will probably waste time and money too.

Since no small or medium company can afford to waste money or time, it is important to make quick decisions regarding the person you wish to hire.

HOW TO PULL THE HANDBRAKE ON RISING INSURANCE COSTS MOTORISTS HAVE WEATHERED A 31% RISE IN CAR INSURANCE PREMIUMS IN 2015.

HERE'S HOW YOU CAN CURB THE COSTS. According to statistics from the Central Statistics Office, insurance costs increased by 31% in the last year, and experts predict that it will rise further in 2016 while insurers attempt to make up for the losses they incurred in the previous two years. Meanwhile, motorists have to absorb the shock of this chunk taken out of their savings.

3. Make a switch

Thankfully, there are some things you can do to reduce the cost of your insurance policy:

1. Use Telemetrics to become a better driver You can secure a discount on your car insurance by obtaining telemetrics through your smartphone. Some insurance companies will use an app - XLNTdriver - to monitor the behaviour, status, movements and location of your car. AIG offers a 20% discount for motorists who use the XLNTdriver app, which is the first driving app with auto start and stop functionality, to measure driving style, and further savings of up to 5% for improved driving behaviour as measured by the app after 3 months' of consistent use and subject to achieving the required scores.

If you anticipate the flow of traffic and drive smoothly, you should achieve a good score.

2. Take a 2 two year policy Since the costs of insurance cover are predicted to rise again in this coming year, you could lock in your current rate by opting for a two-year cover package. Some insurance companies offers this type of policy, which guarantees that you will pay the same premium that you are paying this year, again next year. Also, your premium won't rise if you have a claim during this period.

It makes sense to switch to a new supplier regularly if you are claims free. Sometimes, it pays to compare the rates of different insurance companies online, or by calling them. Using a broker is also a good idea, and it won't cost you any extra, because the insurance company will pay the broker commissions.

Taking out more than one type of policy with the same company will probably entitle you to a discount, and it won't hurt to ask what discounts are available to you.

4. Resist the urge to over-insure Being conservative about your car's value can help keep down the costs of insurance. The insurance company's assessor will determine the value of your car at the time of a claim, and most people tend to over-value their own cars. Car sale's adverts provide a good indication of your car's market value.

You could also check the Revenue Commissioner's website, which features a car valuation tool for each model and make, based on the year of manufacture. This tool is used for vehicle registration tax purposes.

5. Beware of the excess In recent years, insurers have made a habit of increasing excesses.

Before making a claim, you have to pay an amount (excess), so find out how much the excess is before making a claim. With excesses of â‚Ź500 being quite common, it negates the value of insurance on small accidents. While it reduces the risk for insurance companies, it also means that you're less likely to make small claims.

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6. Describe your job creatively Insurers base cover prices on many factors, one of which is occupation. There is a broad range of job categories that describe the various occupations, and choosing the wrong one can influence your premium negatively. For instance, a homemaker will pay a reduced premium compared to an unemployed individual. However, it is important not to lie about your occupation, as that is fraud. Don't say that you're a computer programmer if you're an electronics technician.

9. Pay an annual premium If you're able to do so, pay annually instead of monthly. Monthly cover can work out up to 20% more expensive due to the interest rates.

10. Find safer parking

7. Avoid modifications Safety modifications are fine, but avoid small modifications, such as alloys or a killer sound system, which will cause premiums to increase significantly. Alternatively, discuss the changes with your insurer beforehand. If you really want to add a modification, install a new cost-cutting safety feature at the same time to balance out the increase.

Cars that are parked in locked garages will fetch lower insurance costs. Parking in your driveway or in the street will drive up the risk of theft and damage, and therefore insurers increase premiums.

Likewise, if you live in an area with higher claim rates, you will pay more than you would in a rural area.

8. Buy the right car When buying a car, choose wisely. Expensive muscle cars will also increase your insurance costs. Important cars will fetch higher premiums, as will cars that are popular with car thieves. It may be worth your while to speak to your insurer before you buy a car.

Choose three options, get the premiums for each, and then make your decision.

Ireland's 'smartest building' opens on Albert Quay in Cork IRELAND’S ‘smartest building’, the €60m One Albert Quay complex, was officially opened in Cork to serve as home to 500 workers and new global headquarters for a leading multi-national.

TYCO ARE anchor-tenants for the largest office complex ever built outside Dublin and its availability underpinned a 500 job recruitment drive in 2014.

One Albert Quay, built by John Cleary Developments (JCD), was also designed to include the cutting-edge new ‘smart’ systems designed by Tyco.

Mr Cleary hailed the complex, located adjacent to Cork’s City Hall, as “the smartest building in Ireland.” High-tech computer systems allow the building operators to monitor a total of 12 different office functions.

These range from fire safety monitoring, security, asset tracking, energy efficiency, comfort levels, elevator operations, lighting systems and even ‘smart’ parking for workers and guests.

Tyco has now located its global headquarters in Cork and more than 500 employees will be based at One Albert Quay. The firm’s general manager, Donal Sullivan, said such ‘smart’ buildings are now critical to the future.

“We are thrilled with the building, it’s a wonderful place to work and it acts as a talent magnet for Tyco and the region generally,” he said.

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Switch & Save on Energy Costs

YOU MIGHT BE ABLE TO SAVE ON ENERGY COSTS BY SWITCHING TO A NEW ELECTRICITY AND GAS PROVIDER Diesel and petrol prices are plummeting, but why are residential energy rates still so high?

Many outlets are selling diesel for 99 cents, and most forecourt signs show that petrol is going for less than €1.20 a litre. We have not paid this little since 2010, which is pleasing to motorists. With lower fuel prices being commonplace all over Ireland, one wonders whether it might be prudent to switch energy providers.

According to Simon Moynihan from Bonkers.ie, the diesel price has fallen by approximately 33 cents per litre in only six months, which saves the average motorist approximately €1.20 a litre every time he or she fills up, compared to what we paid last summer.

That means that we can easily save €600 in the next year, compared to what we paid last year.

There is an obvious link between lower diesel and petrol prices, and that of falling oil prices, worldwide. Low oil prices offer a great many benefits to consumers, including reduced heating costs.

Consumers have appreciated the fact that most gas and electricity “standard rate” prices were reduced by 2pc-2.5pc per unit, and while the annual savings of €20-€25 have been insignificant compared to the savings motorists see at fuel stations. Critics also cite the fact that wholesale prices of electricity have gone down by 18pc and gas by 29c in the last year, which means that providers could have easily passed on a bigger piece of the cake.

HOW THEY JUSTIFY SMALL PRICE CUTS Of course, suppliers argue that they have to buy natural gas well in advance to cater to demand at consistent prices. That is the reason why it takes a long time for reduced wholesale prices to result in savings for consumers.

However, it has been two years since the oil price started falling, and it's only fair to be expecting bigger cuts. The price cuts have certainly been significant at the pumps, which indicate that there is scope for better savings on gas and electricity too.

ENERGY COSTS & DISCOUNTS According to Simon Moynihan, suppliers may be passing the savings they make from wholesale prices on to consumers in the form of bigger discounts and cash incentives, which are aimed at motivating new customers to sign up.

Ireland has eight energy companies, which makes competition fierce. Suppliers have to work to sign up new customers, to the extent that they now offer cash-back deals - something that was unheard of before the oil price started falling.

Other deals used to entice customers to switch, include free boiler services for gas customers, and free heating controllers. Suppliers are doing everything in their power to sign up new customers, and they are cutting deep discount prices to do so.

The fact that we have just experienced the warmest winter on record, added to consumers using significantly less gas and oil than would usually be the case. Electricity costs are closely linked with that of natural gas, which have been falling steadily too. As a result, we, as consumers are expecting sizable reductions in our household energy bills. However, while most suppliers have carried cost savings over to consumers, the reductions are nowhere near as dramatic as those we are seeing at the petrol stations.

Bord Gáis Energy first launched their Big Switch campaign back in 2009, giving new customers 13pc discounts. This saw a deluge of customers (close to 450,000, or over 20% of the entire market) switching over to the supplier.

ENERGY PRICE REDUCTIONS

Suppliers are now offering much bigger discounts to encourage customers to switch. SSE Airtricity offers electricity discounts of up to 25%, while Energia is offering unit rate discounts of up to 26%.

The result of these discounts could save consumers in excess of €200 across the span of 12 months, compared to standard rates.

Bord Gáis Energy set the tone for other household gas and electrical companies by reducing its rates back in October. Flogas, SSE Aritricity and Electric Ireland followed suit by also lowering their prices at the start of 2016.

Most gas companies are also offering discounts that will provide customers with significant savings. Flogas is in the lead with a 20% discount on offer, which will save the average household over €145 in savings over a 12-month period.

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SWITCHING TO SAVE

IT'S EASY TO SWITCH ENERGY PROVIDERS Switching is simple. Simply select your preferred supplier, and pick the deal you wish to enjoy. You will only need: Your MPRN (meter point registration number) on your electricity bill.

Your GPRM (gas point registration number) which is on your gas bill.

Billing details.

The reading from your last bill, or - if possible - the current meter reading. (An actual reading is usually better, because that is what your old supplier will use to close the account, and the new supplier will need it to start billing you. Accuracy can save you money!)

According to the energy regulator, about 15% of energy customers switch to different suppliers to get a better deal. Close to 80% of electricity consumers and 94% of gas consumers switch for the purpose of saving money. Since deregulation, we are seeing the highest level of discounts available to switchers, which makes it the perfect time to consider making the switch.

The supplier will take care of everything else from here on in. Your service won't be interrupted, and there will be no need for a technician to visit your home. The process takes only about two weeks, and your new supplier will let you know as soon as you're on supply.

According to Moynihan, the savings to be made from using separate suppliers for energy and gas can result in the biggest savings, and it far outweighs the inconvenience. Bonkers.ie shows that the average consumer can easily save â‚Ź360 by signing up with Flogas for gas and Energia for electricity.

If you switched to save money more than a year ago, you are probably paying close to the expensive "standard" rates again, since new customer discounts only last for 12 months before suppliers apply the standard prices. While insurance companies must notify clients of price increases, energy suppliers do not have to do that.

The good news is that you have the right to switch to another company that offers large introductory discounts, which means you do not have to continue paying those ridiculous standard prices. You could switch suppliers and save money.

You could compare services and prices on Bonkers.ie in order to find the best deal possible. They will also take care of the switch on your behalf. Simply complete their short application form, and enjoy your savings.

Employers 'plan to hire 5pc more staff' A new report from Manpower Group shows that restaurants and hotels are reporting strong growth in the opening months of 2016 with employers expecting to boost staff levels by 12pc.

Net employment across all sectors is expected to rise by 5pc in the three-month period between April and June, Manpower claims.

"The restaurant and hotels sector is expected to enjoy the highest levels of year on year growth in employment levels," said Manpower Group Ireland sales director Cara O'Leary.

Companies in the utilities sector are thought most likely to hire staff in the second quarter. Employers are expecting to increase staffing levels by 19pc between April and June.

Manpower surveyed 620 Irish employers and found that those in Connacht reported the strongest intentions to hire.

Staff in the construction sector reported a net employment outlook of plus 9pc for the upcoming three-months. That represents a 2pc increase on the same period last year and a 6pc increase on the previous quarter. The predicted increase in construction is in line with the rise in activity in the industry in the opening months of the year.

Companies in the financial and business services sector are predicting a return to growth after struggling at the start of this year. Employers in the industry are expecting to report an 8pc increase in staffing levels in the second quarter of the year.

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LEGAL BRIEFS

Rent allowance can no longer be refused by landlords Landlords can no longer refuse to accept rent supplement.

Under new equality laws - those receiving an allowance towards the cost of their accommodation - are protected against discrimination.

Anyone who advertises a property saying that rent allowance is NOT accepted or who refuses to rent to someone on rent allowance could be fined up to fifteen thousand euro.

Irish Human Rights Equality Commissioner Emily Logan explained: “People in receipt of rent supplement, housing support payment or other social welfare payments can no longer be discriminated against in relation to the provision of accommodation or related services.

“So people might be aware when they go onto well-known property websites they will see in capital letters, ‘rent allowance not accepted’.

“So that is now illegal to do.”

New grocery rules will hurt Irish suppliers, says SuperValu The head of the country's biggest food retailer has warned that new rules could disincentivise supermarkets from buying Irish products.

SuperValu Managing Director Martin Kelleher said that the new rules put an unreasonable administrative burden on supermarkets when dealing with suppliers.

He was referring to the Grocery Goods Regulations, which were signed into law by Richard Bruton just before the General Election was called. They will take effect at the end of April.

"We think it's an administrative burden that adds cost and, we believe, very little value," said Kelleher.

The rules mean contracts between big retailers and suppliers must all be closely documented and cannot be unilaterally changed.

Practices such as demanding payments for shelf space are banned. Records must be kept for several years.

"We are disappointed with certain aspects of it, because we feel that it penalises businesses like Musgrave that are Irish and support Irish businesses," said Kelleher.

"There is a temptation or a possibility that one of the easiest ways to get around those regulations is not to buy from Irish businesses. The rules are that you only have to record and do the administration parts of it when you are dealing with Irish suppliers.

"When you buy from abroad, which obviously multinational companies can do more easily... it incentivises that behaviour. And we don't think that's good."

A spokesperson for Musgrave clarified that the rules cover relationships with all direct suppliers, even if goods are coming from overseas - but might be avoided by multinationals who buy indirectly through offices in other countries.

The rules are particularly burdensome when dealing with very small suppliers, the spokesperson added, and can act as a disincentive to supporting food start-ups.

"We are very clear that Musgrave's relationships with its suppliers and partners are strong, clear and fair. We don't believe there is any benefit from this to people dealing with us," said Kelleher.

Their suppliers are not asked to pay to be stocked on shelves, he added.

Switching to foreign suppliers "would be a last-ditch resort", he said. "We are so focused on supporting Irish and supporting local suppliers. But if our competitors are getting price advantages or administrative advantages by doing so, it puts you in a difficult position, it challenges us."

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BEST DEALS ON A BRAND NEW CAR LOOKING TO BUY A NEW CAR? PAYMENT OPTIONS ABOUND, BUT BE WARY OF THE TYPE OF VEHICLE FINANCE YOU CHOOSE.

Few people can afford to pay hard cash for a brand new car, which leaves those of us who have not inherited a fortune, or won the lottery with no choice but to get finance. Technically, there are two choices: obtaining a finance package from the dealers, or getting a car loan from the bank.

Car loans from credit unions or banks are invariably more costly than the finance options offered by dealers. Dealers commonly offer personal contract plans or hire purchase agreements, although banks have reduced interest rates on some of their car loans in recent months.

Bank vs. Dealership There are of course great benefits to obtaining finance from the bank instead of from a dealer; the main advantage being the fact that with a bank loan, you own the car right away. If you buy from a dealer, you only own the car when you have paid it off. That means that if you get a loan from the bank and happen to run into repayment issues, you can sell the car to pay off the loan. Additionally, you can buy a used car rather than a new car, which gives you more bargaining power.

Of course, the interest rate has to be considered. Permanent TSB has the fourth most expensive bank rates (APR) at 10.5%, but they do offer a special loan rate for people wishing to buy a car newer than 6 years. If the car is new or less than two years old, you will pay as little as 8.8%; if the car is between 2-4 years old, you will pay 9.3%, and for a car of between 4-6 years, you will pay 9.3%.

Ultimately, the bank rates (APR) on car loans of €20,000, paid back over 5 years, start from as little as 7.5% with Bank of Ireland to just under 12% with KBC. Bank loans are also cash-secured, which means that if you have 25% of the loan amount to deposit as security, you can reduce your rate to 6.4% - 8%. An example would be if you put down a cash security of €5,000, you will unlock an 8% rate.

Another way to unlock cheaper bank rates, would be to open a current account with the bank in question, if you don't already have one. KBC customers pay 2% less on the bank's standard rate, and Ulster Bank's customers pay 6.9% instead of 7.9%.

Dealers generally offer lower interest rates, since some manufacturers offer their own financing plans for the purpose of lending buyers money; others have pre-arranged packages with major banks. By shopping around, you may find dealers that charge 0% interest finance.

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Hire Purchase Options

Opel Ireland offers 4.5% interest packages for people looking to borrow E20000. The Opel Adam goes for close to €19,750, which, paid back over 5 years, will be €1,750 a month, along with a deposit of 30% (€5,925).

The one thing to bear in mind, is that dealer loans (HP agreements) are structured in a different way to standard bank loans. The finance company or ban continues to own the car, and merely "rents" it out to you. It only belongs to you once you have paid the final repayment. The interest rate also remains fixed for the term.

While some banks do offer hire purchase loans, they are generally not as competitive as the dealers in terms of rates. AIB's charges 8.45% and Bank of Ireland's rate is 7.3%. The benefit is that you can get a 100% loan, which means that you do not have to fork out a deposit.

More recently, dealers have been offering personal contract purchase (PCP). This type of finance has become increasingly popular, with up to 75% of clients opting for this kind of finance last year.

PCP is effectively a lease, which means that you'll never really own the car, but it requires a deposit and monthly payments for 36 months, after which you pay a bubble payment. A minimum value car at the end of the lease is guaranteed, and this covers the bubble payment. You then have 3 options: 1. Pay the bubble payment and own the car.

2. Return the car and walk away debt free.

3. Trade the car in as a deposit on a new car with a new PCP deal.

Terms and conditions will apply, and will usually involve a limit on annual mileage, and restrictions on where the car may be serviced.

Deposits are lower than that of HP deals. However, you don't build up as much equity on the car as would be the case with an HP deal.

Some experts agree that with PCP agreements, you pay for the depreciation on the car, however, it suits people who want to purchase a new car after every three to four years.

3 Important Areas to Include in Your Home Insurance While most of us will be fortunate enough to not have to experience theft, water or fire damage that lead to home insurance claims in our lifetime, it is a mandatory clause on our mortgage.

Also, it's not a bad idea to have home insurance cover in the (hopefully, unlikely) event of it happening to you.

Instead, calculate the worth of your household contents by going from room to room and estimating what it would cost to replace all your clothing, furniture, electrical appliances, and so forth. That is the appropriate level of cover you need.

Did you know that most people overpay on their home insurance policies? The reason for this is that most of us don't know how much we should insure our buildings or household content for.

When it comes to buying insurance, we tend to opt for the insurer's assumptions, or with averages, and end up paying a higher premium.

Saving Money on Your Home Cover Insurance A policy consists of three basic elements, which you should consider when you renew your policy:

1. Building Cover Find out what the built in "per item" limit is on your policy, and if you buy an item that is worth more than that limit, include it separately under your all risks cover.

3. All Risks The specialist all risks section of your house insurance policy covers high-value items, such as art, laptops, cameras, bicycles, jewellery and golf clubs, as well as anything with a value that exceeds your 'per item' limit of your contents cover. You will have to include photographs and certificates in the event of the item being damaged or stolen. Your premium will include an itemised billing for these items.

One element on which people overspend, is by insuring the value of the property, instead of what it would cost to rebuild the home.

It often costs much less to rebuild a home in the event of a complete fire than the value of the home based on property tax purposes.

Insuring a home for more than what it is worth would be a waste of money, as you will not receive the full amount if you put in a claim.

You will only receive the restoration costs. Visit www.scsi.ie for an accurate rebuild cost by the Society of Chartered Surveyors.

2. Contents Cover Contents insurance is usually calculated based on a percentage of the building cover, which is not logical. It also often results in inflated premiums. While it is good to be generously covered, you don't need that much to cover any damages.

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House Insurance Claims Insurance companies usually have emergency numbers for claims resulting from fires or water damage. It is crucial that you call them before you engage someone to do the repairs, as some companies only approve their own preferred contractors.

A loss adjuster will be sent out by the insurer to value and validate your claim. The adjuster may be independent, or may be employed by the insurer, however, you may also engage your own adjuster and let them negotiate with the insurance company.

Ireland nears 20pc of all new US investment into the EU According to a recent report, commissioned by the American Chamber of Commerce Ireland, FDI into Ireland from the US amounted to $310bn (â‚Ź283bn) by the end of 2014.

The new report was written and researched by US academic and Wall Street economist, Joseph Quinlan.

In his report Mr Quinlan highlighted a surge of investment flows of $58.1bn in 2014 from the US into Ireland.

Mr Quinlan said that despite increasing worldwide economic disorder, Ireland remained one of the "prime destinations" for US FDI. "Yes, there has been a great deal of churn and change in the global economy since our last report. But what has not changed is international investors' overriding preference for doing business in Ireland.

"Various metrics point towards Ireland and the United States deepening their well-established trade and investment linkages," Mr Quinlan said.

Ireland's portion of FDI from the US can be compared favourably to that of Germany and France.

With Ireland's amounting for just under 20pc of all US investment flows into the EU, France takes just 3pc while Germany accounts for just 2pc.

The Irish share of US investment stock has risen substantially over the last ten years, up to 11pc in 2014 from 6pc in 2004.

American Chamber of Commerce Ireland president, Bob Savage, said he was delighted at the positive story that arose from the report.

Mr Savage was speaking at the launch in the Intercontinental Hotel in Dublin, where he eluded to the importance of US FDI to Irish job creation.

According to Mr Savage 75pc of the 19,000 jobs announced by IDA Ireland last year were created by US companies.

"To maintain and strengthen our success in the global battle for FDI, our nation must continually reassess the needs of business, both domestic and multinational. We believe Ireland can continue to compete strongly on the international stage continuing to attract strong US FDI over the coming decade," Mr Savage said.

The chamber also outlined the challenges facing Ireland in order to keep foreign direct investment coming from the US. Education, accommodation, and nationwide jobs growth were amongst the challenges listed by the chamber.

Ireland must ensure its education system is challenged to produce graduates with business-relevant skills sets, the chamber said.

Mr Savage addressed the current housing crisis as an issue that may impinge on FDI if it isn't addressed appropriately.

The chamber president highlighted the importance of "ensuring Ireland has a sufficient supply of quality, affordable and well serviced accommodation for all those who want to build a great career in Ireland".

Since 2008, Ireland has been second only to the Netherlands in attracting more US investment flows to Europe on a cumulative basis.

In the research Mr Quinlan says that Ireland's resilience has made it amongst the most attractive destinations in the world for US FDI. The Wall Street economist says the US looks to invest in expanding economies and with Ireland's rate of expansion it is "no surprise" that US FDI has spiked here.

18

Mike Sheehy

Breon Manning

Business Development

Financial Advisor

Mike has worked in the Financial Services and Property industry for the past 9 years. He gained his Bachelor of Business Studies degree in Economics and Finance through the University of Real Estate through IPAV and the Cork Institute of Technology.

He enjoys 7-a-side soccer, running and the very occasional round of golf. Favourite movies include Training Day, The Usual Suspects and Goodfellas. When Mike isn’t chasing around after his two little girls they are watching their favourite movies Toy Story, Frozen and The Little Mermaid.

Breon has been in the financial services industry for 14 years.

Throughout his career he has gained specialist knowledge in all areas of financial planning, investment monitoring, portfolio construction and management as well as annuities and protection planning.

Breon is a Qualified Financial Adviser (QFA) and a TMITI Registered Tax Consultant. He holds specialist Diplomas in Wealth Management (Institute of Bankers) and Pensions (LIA) and is a Fellow of the Life Insurance Association of Ireland (FLIA). Breon also holds the designation of Registered Stockbroker (not practising).

When Breon isn’t hard at work he enjoys a round of golf, swims and goes spinning to keep fit. He is married to Katrina and is kept busy at home with 3 cats and mans best friend Red.

Jean Manning

Patricia Radley

Financial Administrator

Marketing Coordinator

Jean joined Manning Financial in 2013. She holds a Bachelor of

Patricia is responsible for overseeing the implementation of - the

Property Management and Valuations. Jean intends to follow in

graduated with a PhD in Education from UCC and also holds an MSC in Food Business, a BBS in Marketing and a Postgraduate Diploma in Digital Marketing. She is also a member of the Marketing Institute. She is a volunteer adult literacy tutor and enjoys reading, travelling and supports Manchester Utd.

Spinning, TRX and Kettlebells. She also has a secret love for watching Darts!

Molly O' Shea Marketing Intern A born and raised San Franciscan, Molly moved to Cork last January. Molly attended college in New York where she played NCAA Division 1 Volleyball for five years. Molly received a B.B.A in Marketing and an M.B.A in Management with a Sports and Entertainment Certificate. Molly assists in all Marketing activities at Manning Financial. In her free time, Molly loves to travel and also enjoys staying active and reading.

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Range of Services Protection

Savings & Investment

• • • • • • •

• • • •

Mortgage Protection Term Insurance Serious Illness Income Protection Life Cover with tax relief (Section 785) Group Income Protection Group Death in Service

Pensions • • • • • •

Personal Pensions (for the Self Employed) PRSAs Executive Pensions (for company directors) Self-Administered Pensions Self-Directed Pensions Group Occupational Pension Schemes

Lump Sum Investments Bonds Structured Products Savings Plans

Specialist Advice • • • • • • •

Business Protection Partnership Insurance Inheritance Tax Relief and Estate Planning MS Services for GPs Financial Services for Cohabiting Couples Pension Adjustment Orders Employee Benefit Schemes

MORTGAGES • First Time Buyers, Investors and Trading Up • Access to best rates in the market

Visit us at

www.sheehy-manning-financial-.ie

Tel: 0871962043

mike@sheehy-manning-financial.ie

Breon Manning Financial Ltd. trading as Sheehy & Manning Financial is regulated by The Central Bank of Ireland.