State’s pensions under threat says Irish Life

A failure by the next government to properly address pension policy would drag the percentage of adults who are financially prepared for retirement from over 70% to under 50%, Irish Life has said.

The country’s leading life investment and pensions company yesterday published results of a major study into customer attitudes towards retirement and people’s financial readiness.

The study was undertaken by market research company Behaviour & Attitudes and management consultancy McKinsey.