Coronavirus caution sees close eye being kept on pensions

A new global report on the pensions landscape finds Irish savers are keeping tabs on their pensions even more as the pandemic rumbles on

We asked our savers how optimistic they are that they will be financially prepared for retirement by the time they plan to stop working and 41 per cent said they were not optimistic

Covid-19 has impacted almost every aspect of people’s lives globally, including their attitudes to pensions. A new report from State Street Global Advisors shows almost a third of Irish pension savers – 50 per cent higher than the global average - are keeping a close eye on their retirement funds.

In State Street Global Advisors’ latest Global Retirement Reality Report, the pandemic is cited among the top three reasons why confidence in pensions is falling ...