Pace of regulatory change must pick up speed
It has been too easy to set up a pension scheme in Ireland. The tax treatment of pension contributions and benefits are “complicated and inconsistent, with a requirement for expensive professional advice as a result”.
These are not the opinions of an arch critic of the system. Rather, they are the considered words of Brendan Kennedy, the pensions regulator. They are contained in the latest annual report of the Pensions Authority which was published in July.
