Why not replace current system with citizens being able to put money into state owned savings account paying, say 5%, interest + 25% top up on each payment in to replace tax relief. No need for fees, and cheap source of funding for the state.

Boy am I glad I bought an apartment in 2006,going to be a sweet payday for me in 2041

No mention of the theft the government committed on private pensions.

I can’t understand why people don’t take full control of their pensions and invest them directly in long term fixed return state backed projects admittedly they would only get 5% pa for 10 years. Not exciting enough for brokers or more likely no chance to get paid for shifting the money around.

Old news. Scam going on since ’40s or earlier. Pay a fee to be screwed by ‘professionals’ with no guarantees of profitable return. (but we’ll try our very best, but take management charge either way, and a big greedy bonus if we(read: The Market), do really well for you). Never, ever, let another man mind your hard earned money.

What individuals need to do is ask their advisers the following; what is the annual management charge? What is the net allocation rate, i.e. for every €100 contributed, how much is actually invested? How has the fund performed. You should not tolerate allocation rates of 95% and management charges of over 1.35%. Ask your adviser what ongoing commission they are making. If the answers to the above are not satisfactory go to an independent adviser and get them to research the market for a better deal.

I’m im saving in gold and silver. Hasn’t gone to zero in over 5000 years unlike AIB or similar pension scams. Worst case I’ll be hedged against inflation best case they’ll keep printing dollars and euros till the cows come home and ill have a tank.

Private sector pensions are an elaborate scam, with most of the loot going to the pension fund “managers”.

Here we go .

balls. your pension b worth fk all anyways. eat and drink your way to a happier life.

Back door to look at state pensions me thinks ! Ummm?? No risk and index linked. What a deal!!

If one retires say at 60 years old the government insists that €119,800 of the fund is locked away with no access and dam all interest until you reach the age of 75 with pensions managers creaming off the fund annually with excessive charges. It’s unjust and ridiculous.

I have no illusion that the system as it is will fail and as a result I will most likely have to work until I die or suffer a rather drastic fall in my standard of living when I die. I am afraid the baby-boomer generation has spent all their money, borrowed from my future and my kids future and established a monetary system of fiat money which will, there is no doubt, continue to lose its value. The people need to wake up and realise that they are spending 80% of their income on tax, interest and insurance and whatever they manage to put into their pension is eroded by management fees, inflation and more blatantly – expropriation. Now the ‘higher’ earners (anyone slightly above the average wage) will also pay higher rate of tax on whatever they manage to put into pensions. I really can’t understand how the system has developed in this fashion but for sure this will not end up well.

Pensions are a fantastic option for both employer & employee, if you don’t use a proper independent financial advisor don’t expect proper independent financial advice!!!

If you are concerned about your pension contact myself noel@planalife.ie simple independent advice !!
I can do a full report outlining all charges allocations etc.
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