PRSA contributions drop by 50%
Contributions to personal retirement savings accounts imploded last year, with a drop off of almost 50 per cent, according to a new review of the life and pensions market.
Contributions to personal retirement savings accounts (PRSAs) imploded last year, with a drop off of almost 50 per cent in the amount saved, according to a new review of the life and pensions market.
Figures compiled by actuarial consultancy firm Milliman, which compiles a regular 'temperature gauge' of the life and pensions sector, revealed that single premium investments - or one-off investments - into PRSAs fell by 45.7 per cent between the second quarter of 2011...
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