Pensions Board reports jump in PRSA uptake

The Pensions Board said today that there was an increase in the uptake of PRSAs with 19,022 PRSA pensions taken out by the end of December 2003, representing a combined value of €41m.

More than 30% of the PRSA pensions sold were non-standard products, which charge a higher entry fee than that permitted under the PRSA rules.