Nearly 40% have no pension in place as cabinet approves plan to keep retirement at 66
Survey finds broad lack of pension preparedness ahead of new government plan to increase state pensions for those who work to 70
Close to 40 per cent of Irish consumers have no pension in place, new research has suggested, raising “concerns” over people’s financial wellbeing in retirement.
A study conducted by the Competition and Consumer Protection Commission (CCPC) has also found that nearly a quarter of respondents between the ages of 55 and 64 do not have a pension sorted.
The survey, which canvassed 735 people, highlights the lack of readiness of Irish people for retirement when ...