Pension crisis: 26% of Irish adults surveyed have no financial plans for retirement

The CCPC said the survey data indicates a clear gap in pension coverage in Ireland, even among those a decade or two away from retirement. Picture: iStock

More than a quarter of Irish adults have no financial plans in place for their retirement, and a majority expect to rely on the State pension when they stop working.

Research published by Ireland’s consumer watchdog has revealed what it calls a “worrying trend” as more adults are not putting plans in place for when they retire and a third of people regret not starting a pension sooner.