Pension crisis could force people to work until they die

THE under-provision of pensions could mean many people may have to work until they die, according to KBC Asset Management.

“Pension under-provision in Irish pension funds is a looming crisis,” according to Séan Hawkshaw, chief executive of KBC Asset Management, one of Ireland’s leading asset managers.

The numbers over retirement age are increasing, there are now around half a million over 65 in Ireland, by 2050 this will have grown to 1.25 million.