ISME report calls PRSAs ‘unmitigated disaster’

THE Irish Small and Medium Enterprise Association (ISME) has slammed pension policy and branded PRSAs - Personal Retirement Savings Accounts - an “unmitigated disaster.”

ISME, which represents small business, warns that mandatory pensions would make a bad situation worse.

In a new report it condemns the Pensions Board’s policy as “flawed, self-serving and unworkable.”