Jerry Moriarty: Pensions landscape set for a major shake-up

Private pension schemes will change dramatically over the next two years

Recent developments mean that the way private pension schemes operate in Ireland is likely to change significantly in the coming years.

Firstly, there has been an agreement on the text of a European pensions directive which has been co-ordinated by Irish MEP Brian Hayes.

The text is expected to be ratified by a vote in the European Parliament in October or November and will have to be transposed into Irish law within two ...