Saturday June 6, 2020

How safe is your pension?

Trustees of Irish pension schemes could find themselves in court for shirking their legal duties. Can you trust the people looking after your pension, asks Louise McBride.

27th November, 2004

Despite the billions of euro invested in Irish pens ions, many of the people in charge of pension schemes do not fully understand or fulfil their responsibilities. Already, the Pensions Ombudsman has received 422 complaints, even though the office was only set up in September of last year to investigate complaints about company pensions and Personal Retirement Savings Accounts.(PRSAs) One of these investigations resulted in apayoutof €50,000. The total value of Irish pension funds is...

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