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Crackdown on anti-social behaviour in Killarney

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There is to be a no-nonsense crackdown on public disorder and anti-social behaviour arising from large groups of people congregating in certain parts of tourist hotspots Killarney at weekends.

Garda patrols are being increased on the streets and extra personnel will be assigned to monitor behaviour and to engage with the public.

Authorities in the town have advised people not to attend such open air gatherings as it is leading to law and order issues and proving to be very upsetting for residents and others.

Although people have been congregating in large groups in a number of locations, the Beech Road car park is a particular area of concern and An Garda Siochana and Killarney Chamber of Tourism and Commerce have appealed to people to desist from gathering there, particularly at night.

Several instances of public disorder were reported in the area during recent weekend nights and it led to arrests being made.

On one night alone, a number of underage drinkers were arrested and brought to Killarney Garda Station from where their parents were contacted and informed.

Killarney Garda Superintendent, Flor Murphy, said parents and guardians have an important role to play in ensuring their children and teenagers are behaving themselves when they are not at home.

“Our message to parents is to take the necessary steps to ensure that they are not the next people we will be contacting late at night or in the early hours of the morning to tell them that their child is in Garda custody,” he said.

APPEAL

Supt. Murphy also appealed to people not to supply alcohol to or purchase it for people under 18 years of age as, apart from the obvious health and safety risks involved, it is an offence to do so.

“We will not tolerate any anti-social behaviour or underage drinking and that message needs to go out loud and clear,” Supt Murphy said.

The authorities are concerned that the majority of those congregating in the open areas are younger people, most of whom have still to receive the COVID-19 vaccinations, and they are the most at risk group from the surge in the Delta variant.

“People must take individual responsibility and they must act and behave in a proper manner,” he stated.

Killarney Chamber of Tourism and Commerce has stressed the need for public health guidelines to be adhered to and pointed out that the Safe Streets programme implemented by Kerry County Council is designed for that purpose.

“There are areas specifically designated for socialising and, to ensure people are kept safe, these plans must be respected,” said Chamber President Niall Kelleher.

PLAN
Kerry County Council has put in place a detailed operational plan to manage various issues like outdoor dining, litter management and extended opening hours for public conveniences and the local authority has enforcement officers on duty, outside of normal working hours, to ensure that public safety regulations are adhered to.

“Everybody in Killarney has worked hard to build the town’s deserved reputation as a safe, pleasant and welcoming place to visit and we must ensure that our night-time economy is every bit as attractive and appealing as Killarney’s natural attractions are during daylight hours,” the Chamber President said.
“Killarney worked tirelessly to secure its Purple Flag status which rewards excellence in managing the night-time economy in terms of safety, vibrancy and diversity and we will do everything possible to protect that status,” he added.

An inter-agency communication and cooperation policy has been put in place in the town with regular meetings between representatives of An Garda Siochana, Killarney Chamber of Tourism and Commerce, the Mayor of Killarney, Kerry County Council, Killarney Vintners and the Kerry branch of the Irish Hotels Federation.

The meetings are designed to ensure that all stakeholders are communicating regularly to ensure that everyone has a safe and enjoyable summer.

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The Irish investment market is pathetic

By Michael O’Connor, theislandinvestor.com    I lived abroad for years, so all the investment strategies I created were typically outside of Irish tax considerations. But over the last few weeks I […]

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By Michael O’Connor, theislandinvestor.com   

I lived abroad for years, so all the investment strategies I created were typically outside of Irish tax considerations.

But over the last few weeks I have been putting together several investment strategies for Irish-domiciled clients. It has been eye-opening, to say the least.

In short, most of the Irish market appears to be dominated by a handful of life insurance companies that offer ‘wrapped’ Multi Asset Funds. This means they offer a basket of stocks, bonds, property etc., all within one investment.

Irish Life’s MAPs 4 multi-asset fund states a standard annual management charge of 1.15%. A bit on the higher side for my liking, but this is still manageable.

But when you dig a little deeper, the KID documents (where all fees have to be fully disclosed as part of UCITS regulations) show the fee as 2.2%.

Double the quoted price

As an added bonus, they lock your money up for seven years, where an early encashment charge is waiting for those who wish to withdraw their money early. That’s right, they charge YOU for making your money inaccessible.

This lock-up period is a shrewd business tactic. An exit charge is an excellent way to ensure customers don’t leave when they realise how poor the performance is.

Too late, you’re trapped.

Performance

Fees become more digestible provided the performance is strong, but unfortunately, the misery continues.

The Irish Life MAPS 4 Portfolio has an annual return of 1.63% a year over the last five years. Granted, this was a challenging market climate to navigate, but falling below even the lowest expectations of inflation means that this fund has returned negative real returns after inflation over the last five years.

A similar 60/40 portfolio made up of passive index funds (S&P 500 and US T bonds) would have returned roughly 6.5% a year over the same period for a fee of roughly 0.1%.

We can go round and round in circles regarding the ‘risk adjusted’ approach and the added ‘diversification’ of the multi-asset fund versus the 60/40 portfolio I have shown. But the reality is much of this so-called diversification is over-engineering for an extra cost for many long term investors.

So, how can such pathetic offerings still exist in a system where low-cost operators such as De Giro are providing endless ETF options and commission-free trades that provide access to market returns at a fraction of the price?

Two reasons spring to mind

Firstly, the Irish retail investment scene is built on a financial broker commission system where unsuspecting customers are shoved into these products by ‘financial planners’ who receive kickbacks and commissions from these investment companies. You think you’re getting free investment advice; believe me, you’re not.

Second, the tax treatment of ETF structures is comical in Ireland, and US ETFs aren’t even an investment option. A 41% exit tax and an eight-year deemed disposal rule leaves investors stuck between a rock and a hard place.

Choose an overpriced, underperforming product that locks your money away for multiple years or choose the cheaper, better-performing product and suffer the tax consequences.

Bizarrely, investors are forced to make decisions based on preferential tax treatment rather than on the underlying investment’s merits.

I have gone into much more detail on the tax treatment and investment options in Ireland on my website. Just scan the QR code.

If you would like me to independently review your investment portfolio, just send me an email at mike@theislandinvestor.com.

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Rebel lights delight for Killarney star

By Con Dennehy The continued growth, development and participation of women’s handball in East Kerry was rewarded at the weekend when Cork hosted ‘She’s Ace’, the prestigious All Ladies Handball […]

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By Con Dennehy

The continued growth, development and participation of women’s handball in East Kerry was rewarded at the weekend when Cork hosted ‘She’s Ace’, the prestigious All Ladies Handball championships.

Attracting all the leading players in Ireland, it was Sarah Dineen, the Spa/Killarney player who shot out the Rebel lights in Conna with a phenomenal display of handball.

Competing in the highly competitive Ladies Challenger championship, the Killarney player, who took up the sport just 18 months ago, had the perfect start in the competition defeating the home town favourite Agnes Hurley from Conna on a 21-20 scoreline following an energy sapping and close encounter that hung in the balance to the final ace.

In her second game she took on the challenge of Nolwenn Even from St Brigids where her skill, superior fitness and movement on the court resulted in the 21-12 victory and a place in the prestigious final.

“The final was always going to be a difficult game not least playing local girl Kate O’Riordan from Conna. I concentrated on my serve and kill shots which ensured we shared the aces early in the game. It was a difficult game with the home supporters out in force to cheer on their local hero. However, I played well and secured a 21-11 victory. This was the second time this title came to Spa Killarney following the 2022 win by Aoife Walsh in Northern Ireland,” said Sarah, who is currently chairperson of the Killarney Camogie Club.

A native of Westmeath, Sarah (46) runs a jewellery business in Killarney and lives in Rathmore. No stranger to competitive sport she played camogie for Westmeath and Leinster and also won an Intermediate championship Gaelic football medal in Westmeath.

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