Ulster Bank chief claims SSIAs will create problems for the economy

THE maturity of 1.2 million SSIA accounts over the next two years will create problems for the Irish economy according to Ulster Bank chief executive, Cormac McCarthy.

He believes they will interfere with the natural flow of the economy.

“The Government should never have introduced SSIAs in the first place,” he said, adding that something needs to be done about the “pension time-bomb.”