Fears viable pension schemes will shut

Pension experts are concerned that current pension rules could cause viable schemes to close. The Irish Association of Pension Funds (IAPF) and the Society of Actuaries in Ireland recently wrote to the Minister for Social Protection, Leo Varadkar, and the Pensions Authority to flag concerns about the current funding standard rules for pension schemes and the difficulties faced by defined benefit schemes.

Defined benefit pensions, which offer a promise to workers from their ...