Minister for Social Protection, Heather Humphreys TD, has today (Monday July 11th) officially opened the new office of Newcourt Retirement Fund Managers Ltd/Newcourt Pensioneer Trustees Ltd in Cavan.
Newcourt Retirement Fund Managers Ltd/ Newcourt Pensioneer Trustees Ltd (Newcourt) specialise in Pension Administration Services including Independent Corporate Trusteeship and Self Invested Pensions.
The company currently employs over 50 people with offices in Dublin and now Cavan.
The firm hopes to continue to grow its base in Cavan, employing up to 10 staff in Cavan by the end of 2022 and growing that number up to 30 over the next few years.
At today’s opening, Minister Humphreys congratulated the company of their success to date, saying that their decision to choose Cavan as the location for their second office is a particular boost for the County.
Minister Humphreys said:
“This is a really good news announcement for Cavan and indeed the entire region.
“I want to congratulate the entire team at Newcourt for their vision and ambition.
“I understand that over the coming years, you hope to grow your business here from a staff of 6 to up to 30.
“You’re a business too that I know believes in hiring locally – you really are a big asset to this county and I’m so pleased that you have chosen Cavan as the location for your second office.”
Also speaking today, Managing Director of Newcourt Retirement Fund Managers Ltd, Gerard Keane stated:
It is great to be here today to open our new Office in Cavan. This is a very exciting time for Newcourt as we continue to grow our business through organic growth and several recent acquisitions. In the last two years we have taken over several trustee business’s including Munster Pensioneer Trustees Ltd, IFS Trustees Ltd, JLT QFM Services (Mercer) self-directed business and most recently, Signature Trustees Services Ltd.
This has resulted in the need to expand our office space and having looked at many locations we decided on Cavan Town, due to the availability of a well-educated workforce and a number of our own staff wishing to relocate to the area. Martina Kelleher has been with the business from the start and now heads up the Cavan Office having decided to relocate home, outside Cavan Town. The people recruited to date have proven we have made the right decision in opening here.
Newcourt continue to provide pension administration services to the financial advisor community and their clients. Newcourt don’t produce, promote, or advise on any investments. In terms of the scale of the business, Newcourt have several thousand clients and are currently administering circa €2 billion in pension assets for these clients.
Gerard also discussed the recent changes in the pension landscape bringing both challenges and opportunities for Newcourt. He believes that the addition of the Cavan office allows Newcourt the opportunity to grow and continue to provide quality services to their financial advisors and their clients.
Who are Newcourt?
Newcourt Pensioneer Trustees Limited (Newcourt) was established in 1989. Newcourt is approved as a Pensioneer Trustee by the Office of the Revenue Commissioners providing Corporate and Pensioneer Trustee Services. The Company is also an approved Registered Administrator with the Pensions Authority. Newcourt Retirement Fund Managers Limited (NRFM) is an associate Company, which commenced trading in 2007. It is approved under the Markets in Financial Instruments Directive (MiFID II) and acts as a Qualifying Fund Manager for Approved Retirement Funds. NRFM also has an approved Personal Retirement Bond (PRB) contract and is an approved Personal Retirement Savings Account (PRSA) provider. Newcourt are one of a small number of providers in the market to offer the full suite of self invested pension structures.
Newcourt use their 30 years of experience working with financial advisors to give their clients control of their retirement benefits and allow them, with their advisors, to choose where and with whom they invest their pension funds.
“We believe in long term relationships, so when you sign up with Newcourt, you get the benefits of working with our highly skilled and qualified staff, while also benefiting from one of the most technically qualified teams in the marketplace. Our aim is to administer clients’ pension contracts and facilitate clients’ investment choices within the framework of the legislation and Revenue guidelines.”
“What makes Newcourt unique is we don’t produce, promote, or advise on any investments. “