It may be time for a look at pension options
On average, managed funds have fallen by 35 per cent, but now could be a good time to start a pension and ‘buy in low’
Anyone planning to retire this year will be deeply concerned at recent bad news on the collapsing value of pension funds. Irish pens ion funds have lost an estimated €27 billion over the past 12 months, with the average managed fund falling in value by about 35 per cent, as worldwide recession gripped the markets.
Jim Connolly, head of pensions with Standard Life, said the impact of market turbulence on pensions boiled down to whether people had...
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