Personal Finance

Majority of Irish pension savers want funds to invest in affordable housing

75 per cent of employees paying into defined contribution pension plans back investing in rental accommodation

Younger savers were the most keen to support building affordable homes to rent through their pension. Picture: Getty

The majority of Irish employees paying into defined contribution (DC) pension plans are willing to use the power of their pensions to invest in infrastructure and renewable energy projects, according to a new survey.

Data from Legal & General Investment Management (LGIM), one of Europe’s largest asset managers with total assets under management of €1.3 trillion, has found that an overwhelming number DC pension savers wanted to see their pension funds invest in infrastructure, with ...