Burton sets up group in bid to boost private pensions uptake

The Social Protection Minister Joan Burton is hoping to boost the ownership of private pensions.

Tánaiste Burton has set up an inter-departmental group to look at the introduction of a universal retirement savings scheme, on top of the state pension.

While Ireland has a relatively young population, by the year 2060, almost a quarter of the population will be over the age of 65.

Currently around half of workers are said to have pension.