Stop taking funds from exchequer - Pension gap

FORGET about the billions that Irish taxpayers paid to bondholders and the banks. Forget — at least for an instant — the billions needed to clear our national debt. The real billions should be spent on bridging Ireland’s pension gap, the second largest in Europe, according to a new survey.

A study by consultancy firm Deloitte for Aviva Insurance has found we need to save an additional €27.8bn a year in order to provide an adequate standard of living in our old age, compared to just over €20bn in 2010.

Where is all this money going to come from?