Ireland's pension system has improved slightly in the past year when compared with global peers, a new index has found.
The Mercer CFA Institute Global Pension Index ranked Ireland’s retirement income system in 13th place, up one spot from a year earlier.
"The growing use of master trusts within the Irish market should result in a further increase in our integrity score in the future due to the professionally run nature of these schemes and additional associated regulatory oversight," said Caitriona MacGuinness, DC and Private Wealth Leader for Mercer in Ireland.
"This new regime should see an increase in the number of people saving for their retirement, and over time it should also improve the eventual adequacy of saving and reduce dependence on the State Pension."First on the list was the Netherlands, followed by Iceland and Denmark. "These are just a few of the increasingly complex challenges that pension funds face that impact retirees in significant ways."
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'It's the end for this team' - Farrell says Earls will retire along with SextonThe Ireland boss is confident the next era can be successful too.
Read more »
One Night in Millstreet has the potential to be Ireland's biggest ever documentaryThe documentary, One Night in Millstreet, will get its Irish Gala Screening in November, and will be a must-watch for fans of the sport.
Read more »
Eoin Toolan: All Blacks sacrificed defensive width to throw numbers into ruckFormer Ireland performance analyst Eoin Toolan on how the All Blacks ended Ireland’s 17-game win streak to reach the semi-finals.
Read more »
Let’s get breakfast: Great places for brunch in IrelandBrunch has come long way from fry ups and avocado toast. Pancakes, huevos rancheros and cocktails are new gold standard
Read more »
Justine McCarthy: Women’s stories dragged Ireland kicking and screaming into a better futureAn extract from the preface of Justine McCarthy’s new book An Eye on Ireland: A Journey Through Social Change
Read more »
Player ratings: Aki battles hard as Ireland outplayedHere's how we rated the Ireland team beaten by New Zealand in the World Cup quarter-final.
Read more »