Myles & Francis of this office attended a very informative Seminar “Pensions & Investments Seminar” held recently by Davy Select.

The findings of the recent Irish Association of Pension Funds – Benefits Conference were discussed.

Of particular note were the following findings;

•  The Current State pension is currently not sustainable

•  The State pension needs to reduce by a further 35% to become sustainable

•  If the State pension is reduced by 35% then the number of working households at risk increases from 29% to 52%

This is the stark and frightening reality facing a lot of households into the future.

Can you afford not to have a pension?

If you have any concerns regarding whether your pension arrangements will be sufficient for your post retirement needs, we would strongly urge you to contact us for a pension review.