Personal Finance

It’s time for the government to stop eroding retirees’ income

A review of the €2 million standard fund threshold must lead to changes

The truth is that all pension savers should be aiming for this level of income to safeguard their standard of living and protect against longevity risk

The Irish pension landscape is undergoing significant change, from the rollout of new regulations and governance standards to the imminent launch of auto-enrolment.

Yet one aspect of the system appears frozen in time, and it is one that exerts a significant influence on the ability of Irish organisations to attract and retain the most talented individuals at senior levels.

The standard fund threshold (SFT) is the ceiling above which an individual’s combined pensions arrangements incur ...