A call to end the “apartheid” which gives defined benefits pension holders a potential €64,000 a year advantage over those in defined contribution schemes, has been made by IFG Corporate Pensions.

As the Government introduces legislation with one hand to force pension schemes to meet certain solvency levels, it has withdrawn over €800m from Irish pension funds with the other hand.

MORE than a third of people surveyed said they don’t have a pension, while one in five cannot meet all of their monthly financial commitments.

FINANCE Minister Michael Noonan, who is suffering a public backlash after imposing the controversial private pensions levy, will be able to pick up a pension of just under €2,000 every single week within two years.

MOST companies expect staff to save less for their retirement because of recent tax changes.

WORKERS starting a pension have been warned they need to contribute at least a sixth of their weekly wage if they want a pension worth two-thirds of their salary on retirement.

CHARGES associated with private pension funds are costing many people up to €100,000 in lost pension earnings, a study undertaken by IFG Corporate Pensions has found.

FORMER Clare and Galway hurler Fergus Flynn is set to transfer to Waterford club, Ballygunner.