Worker mobility poses big pension challenges

The increased mobility of the Irish workforce will pose a serious challenge for Irish pension trustees according to the Irish Association of Pension Funds (IAPF).

According to a pensions expert group, employees today are unlikely to have one career and could be in up to 10 pension schemes over the course of their working life.

James Kavanagh, chairman of the IAPF defined contribution committee, said pension trustees could end up trying to track down a beneficiary who left a company 45 years before his pension matured.