Pensions : Insolvency will hit private pensions hardest
The government's new debt resolution procedures will treat self-employed workers with private pensions harshly, while protecting others.
The government's new debt resolution procedures will treat self-employed workers with private pensions harshly, while protecting others, such as public sector workers and those who save for retirement in group schemes, according to pension advisers.
The new system to tackle personal debt, which is being managed by the Insolvency Service of Ireland, introduces three non-judicial debt resolution processes: a debt relief notice, a debt settlement arrangement and a personal insolvency arrangement (PIA).
However, pension advisers...
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