Advertisement

The Pension Timebomb hasn't gone away

Figures have revealed that most workers are not saving for a pension. Official data on the number...

Share this article

17.51 25 Apr 2019


The Pension Timebomb hasn't gone away


Listen to this episode


Share this article

17.51 25 Apr 2019


Figures have revealed that most workers are not saving for a pension.

Official data on the number of employees currently paying into an occupational scheme shows just 47pc of workers are currently contributing to an occupational or private pension.

So most will be relying on the State in old age.

Paul Kenny is the former Pension Ombudsman, and former Director for ten years of the Retirement Planning Council of Ireland and told Ivan what people can and should do.


Related Episodes

Killarney hit by the " wo...

00:05:20

Killarney hit by the " worst flooding in a lifetime"

Newstalk Breakfast

00:05:20


Female Garda applicants have a...

00:04:55

Female Garda applicants have a consistently higher failure rate in physical competency tests

Newstalk Breakfast

00:04:55


Andy Burnham says border poll...

00:10:45

Andy Burnham says border poll on united Ireland ‘off the table’

Newstalk Breakfast

00:10:45


Are you planning to switch you...

00:03:47

Are you planning to switch your mortgage?

Newstalk Breakfast

00:03:47