Today’s workers need to be savers for tomorrow

Employees could face a pension crisis if they don’t take action sooner rather than later

Rose Leonard, head of corporate customer relationship management at Zurich Life

The most recent CSO figures, issued in 2015, indicate that pension coverage decreased during the economic downturn from 51 per cent in 2009 to the current rate of just 47 per cent.

“Many of those with supplementary provision are saving significantly less than they need to meet their retirement income goals,” said Rose Leonard, head of corporate customer relationship management at Zurich Life.

Happily, it’s never too late to start saving. On the other hand, ...