IAPF hears pension schemes are potential 'time bomb'

Raymond McKenna of KPMG People Strategies has said that approximately 237,000 Irish people with defined contribution pension schemes are sitting on a potential pensions time bomb and largely unaware of it.

McKenna is a member of the Association of Pension Funds Benefits Committee, and was speaking at an IAPF conference on 'Pensions Adequacy and Governance' in Dublin today.