Over-50s clueless about pensions

The majority of middle-aged people in Ireland have little or no idea of their pension entitlements, a study shows.

A joint research project carried out by the ESRI and Trinity College Dublin found that two-thirds of people who are aged over 50 and who are members of pension schemes are unable to provide basic information on their future pension benefits.

Two thirds are ignorant either of the amount or the form of payment while 55% do not know what they would be paid on retirement.