Against a backdrop of changing demographics, the impact of globalisation, global equity markets rising, falling global bond prices and a rise in yields, Ireland’s state pension system is reported to be unsustainable in its current form.
James Kavanagh, managing director of Trustee Decisions, said: “The dramatic increase in the dependency ratio threatens the fiscal integrity not only of the pension system, but perhaps even the solvency of the nation-state.
“The number of...
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