Non-standard PRSA could deprive investors

NON-STANDARD Personal Retirement Savings Accounts (PRSA) could deprive those planing for their retirement an extra €20,000 in unnecessary costs, an industry expert has warned.

Due to go on sale shortly the PRSAs will be offered in standard and non standard form.

Ark Life finance director, Brian Woods, said yesterday Ark looks like it will be unique in offering the basic product only to investors.