Irish pension system overly reliant on state pension, report says

One in four Irish people never review their pension scheme

Pensioners are living longer. Pic: Pixabay

One in four Irish people never review their pension and Ireland is ranked only 11th out of 25 countries in a global pension index.

The 2015 Melbourne Mercer Global Pension Index is a comparison of the sustainability of pension provision. While it indicates a relatively strong Irish pension system, the report ranks the sustainability of this system in just 20th position.

This is due to an over-reliance on the Irish state pension, which ...