There is little doubt that private pension provision in Ireland is more complex than is necessary. This is also the opinion of the Pensions Authority. Accordingly, the Pensions Authority has launched a public consultation aimed at simplifying pensions. You will find the consultation document here.
In ITC, we have always believed in each pension saver’s right to decide what to do with his or her own money. So, we want to promote the view that simplification should not be reached at the expense of pension savers’ individual choice. This issue is one of our primary concerns and we will be including it in our formal submission on the consultation to the Pensions Authority.
As a pension saver or financial advisor, you may want to raise other issues for the Pensions Authority which you find particularly important. Therefore, we are offering our advisors and clients the ability to contribute to the consultation by passing comments to us so we may incorporate them in our own submission.
Have your say by e-mailing us at firstname.lastname@example.org before 26th September.
*Please note this content is the view of the author and not of Independent Trustee Company