Monday February 17, 2020

Pension crisis to hit income for thousands

Thousands of savers are facing shortfalls in their retirement incomes as companies move to wind up underfunded and expensive defined benefit pension schemes.

16th June, 2012

Thousands of savers are facing shortfalls in their retirement incomes as companies move to wind up underfunded and expensive defined benefit pension schemes.

Hundreds of the guaranteed pay-out pension plans face collapse due to funding deficits, and pension experts fear that the government's response to the crisis has exacerbated the problem.

Last week brought bad news for the members of two high-profile defined benefit schemes. AIB announced plans to move all its employees from defined...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 1 month ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago