Half of 30-45 agegroup ‘no pension’

Half of Irish people aged 30-45 have not started a pension despite the fact many of them are worried about their financial future.

The survey, undertaken by Red C on behalf of Bank of Ireland Life, found that 50% of people aged 30-45 have not yet started saving for their retirement, despite 39% being concerned about having a sufficient income to do all the things they want to do when they retire.

Head of pensions at Bank of Ireland Life, Bernard Walsh, said people need to be realistic about their pensions.