Thursday October 1, 2020

Pension assets under threat

A recent legal decision could affect the future financial security of thousands of pension investors, especially those struggling with debts

24th April, 2010

On Wednesday, April 14, a receiver was appointed over the pension assets of businessman Brendan Murtagh. The former Kingspan boss, who went on to purchase Smart Telecom, once had a multimillion euro fortune, but is now being pursued by investors for debts of close to €30 million.

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According to figures from the Revenue Commissioners, more than 6,000 Irish people hold their pension assets in approved retirement funds (ARFs), the same...

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