Investment club group seeks pension scheme go-ahead
Owen O'Malley, founder of the Investment Club Network (TICN), is seeking pension scheme approval from the Revenue Commissioners for his club members in a move that has been welcomed by the Consumers' Association of Ireland (CAI).
“It could revolutionise how consumers save for their retirement,” said Michael Kilcoyne, the chairman of the association. The move would provide a bona fide alternative to pension and investment fund managers “who have failed the consumer'‘ and increased competition, Kilcoyne said.
O'Malley said that people wanted to take control of their pensions and could learn how to manage their own money well. “There is disillusionment with pension fund managers,” he said....
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