Plea to Government for pension clarity

Dublin: Newly-elected president of the Irish Insurance Federation (IIF) Gerry Hassett has called on the Government to provide clarity around pensions policy and address the looming pensions crisis which will be the next big fiscal challenge for the country.

Speaking at the IIF’s annual lunch Mr Hassett said: “The pensions ‘time-bomb’ is ticking — and this will be the next big fiscal challenge to the exchequer once we resolve the current crisis. The Government has made incentives for retirement planning a key policy priority for several years now. However, it is disappointing to note that every single policy measure in recent years has served to discourage workers from saving for their retirement,” he said.