Brokers hit out at pension proposals

THE Irish Brokers Association (IBA) has criticised the National Pensions Review Report, warning new proposals will do little to increase pension coverage.

Brokers are responsible for about 55% of individual pensions and 90% of group pension schemes written every year.

“The recommendations are little more than a tweaking of a pension system that has patently failed,” said IBA director of financial services Pat O’Sullivan.