Is it time to withdraw tax subsidies?

The Pensions Board recently announced new funding standards for occupational pensions.

Two high profile companies are considering closure of their defined benefit pensions for new employees as a result. I suspect this threat is more to do with the Government’s plans to reduce the tax benefits enjoyed by the industry.

Both AIB, as a major pensions provider, and INM, as a major advertiser for the industry, stand to lose a lot if the Government introduce their long overdue reduction in pensions subsidies.