Saturday July 4, 2020

Fear of losing money deters people from pensions take-up

Fear of losing money is the main deterrent to pension saving, with one in four people saying that loss aversion kept them from contributing to a retirement fund.

7th July, 2012

Fear of losing money is the main deterrent to pension saving, with one in four people saying that loss aversion kept them from contributing to a retirement fund.

According to an independent national Red C survey commissioned by Independent Trustee Company (ITC) - one of Ireland's largest providers of self-administered pensions with more than €750 million in assets under administration - affordability of making pension contributions was not the top factor preventing people from saving,...

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