Pensions in Ireland are in a state of flux

John Lucey, Director of Invesco, outlines the many moving parts in Irish pension schemes that people should be aware of

Many retirees are facing a significant reduction in living standards when they retire due to state pensions pressure.

There’s a lot going on in the world of pensions at the moment in Ireland, enough to create quite a bit of uncertainty and to keep retirement savers and advisers on their toes.

Leaving aside the volatility we continue to see in markets in 2022 and the rather gloomy economic forecasts, there are some specific Irish challenges that need to be navigated to ensure that individuals can optimise their retirement outcomes. In this article, we’re going to consider three areas of uncertainty that are creating challenges today in the pensions market.