Trustees move a ploy by pensions industry, says Ictu

The Irish Congress of Trade Unions has condemned proposals from what it describes as the “pensions industry” that would force scheme trustees to obtain professional qualifications in order to continue in their role.

Congress pensions expert Fergus Whelan said the proposals would see control and oversight of pension funds taken away from those who pay for them and “handed over to the same professionals that have presided over a meltdown in Irish pension provision.”

Mr Whelan was speaking ahead of the inaugural North-South Retired Workers’ Seminar organised by Congress and involving retired workers from across the island. The seminar opened in Dublin yesterday.