New ombudsman targets pensions

MEMBERS of pension funds shortchanged by their schemes can count on the new ombudsman to fight their cause.

Paul Kenny, who is due to take up office in July, pledged last night that those “who believed they had suffered loss” as a result of poorly run schemes including PRSA’s will have their cases thoroughly investigated by him.

Mr Kenny was speaking at an Irish Association of Pension Funds seminar in Dublin last night when he pledged to target badly administered pension schemes and the new PRSA retirement plans.