Pensions challenge: Ambition is vital

The old Irish adage “ní hé lá na gaoithe lá na scolb” seems a perfect summation of the great, unavoidable challenge facing the majority of Irish people around pensions.

The old Irish adage “ní hé lá na gaoithe lá na scolb” seems a perfect summation of the great, unavoidable challenge facing the majority of Irish people around pensions.

Therefore, the announcement from Finance Minister Paschal Donohoe that significant funding will have to be set aside to just begin to defuse the ticking pensions timebomb is most welcome. He has conceded that the Government needs to put a “greater focus” on pensions, pointing out that the debate seems to concentrate on the modest State pension. His remarks were amplified by Social Protection Minister Regina Doherty who said a “broad action plan” is needed.