If you're saving money every month for your future pension income, that money will be stored and managed in a Fund. It’s a huge industry which often earns huge profits but ebbs and flows with the global economy. The Irish funds sector has blossomed since Brexit but so too has that of Luxembourg and France. So, the funds sector here wants the incoming government to simplify regulation of the investment sector and even improve financial literacy.
Speaking to Joe this morning was Pat Lardner the Chief Executive of Irish Funds, the industry’s representative body for the funds and asset management industry.