Irish Life CEO warns of 'crisis of confidence' in pensions policy

The Chief Executive of pensions company, Irish Life, has warned of a "crisis of confidence" in pensions policy which could dissuade middle-income earners from saving to fund their retirements.

Gerry Hassett was speaking at a major conference on pensions policy and revealed that 85% of Irish Life’s pension customers earn less than €70,000 a year and were trying to provide for relatively modest incomes in retirement.