A universal pension could be funded by reducing pensions tax breaks that mostly benefit the richest 20% of earners, according to Social Justice Ireland.

A pensions expert has said it would be “grossly unfair” on members of defined contribution schemes if the Government were to impose a another pension levy on all schemes to fund the insolvent ones.

Staying at home for four to five years to look after new born children can cost a mother up to €200,000 in pension contributions.

IRELAND’S pension time bomb continues to tick with latest figures revealing just one in two workers have a pension.

FORMER Dragons Den star Sarah Newman says credit has become so scarce in Ireland that it has left many business people choked.