I had to give up my pension a few years back when I lost my job. I am afraid when you have to weigh up your financial priorities , pensions are way down the list !!!

Would you blame people for being reluctant to entrust their money into financial institutions for up to 40 yrs?????

What incentive is there to scrimp on day to day necessities in order to pay into a pension which may at best be worth a quarter of the paid premiums or even worse be left in the situation that the Guineys Employees are now in?

Private pensions are nothing more than legalised ponzi schemes. You’d be mad to invest in them. Also if you leave an unattended pot of money around for long enough in this country it will be stolen by a banker or a politician or both! Caveat emptor!

If I contribute 100 Euro a month, that 100 Euro will only be worth about 20 Euro in 40 years time. What’s the point?

Never mind about paying pension contributions….you do realise that many people haven’t enough money to feed themselves!!!! Wake up Ireland

I’d be inclined to put more money into my pension if the government didn’t treat it as a piggy bank they could raid whenever they felt like it.

A lot of pensioners in the last 4 years have lost a fortune on their pension, why would you risk what little cash you have on that happening to you in 30yrs?

A Third of your savings goes on the administration of the pension.. A Third!. So maybe they are worried, hence the report and subsequent pressure on government that will follow.

I stopped paying into my “pension” two years ago when I discovered my lifetime contributions totalling €28,000 were now worth only €21,000 and falling – under€18,000 last I checked. As it stands now that money is in a strongbox, locked to me for another 10 years, but not to the market, which can rob it with general gamblingFail, or to pension trustees, that can keep helping themselves to fees, and now the gov, taking a further .06% of next to nothing.

I believe I will be left with nothing but a nice paper trail, eloquently documenting the decline of market capitalism, and the theft of ordinary, small aspirations like mine.

This is going to end in another swindle you cannot trust financial institutions in this current form .What is stoping them from taking the money and running its all numbers on computer screens one touch of a button poiff all your money disappears ive paid thousands and thousands that i know i will never see .

My father in law worked for himself all his life and paid into a pension for his retirement. He lost the entire thing 4 years ago and was left with nothing. He tells all of his children not to do anything as foolish as he did. Not that we have any money left at the end of the month anyway….

I was laid off in 2009, got the dregs of what was left in the old companys wasted fund, gave it to Aviva – because I had too. There was enough there to buy a “cheap” 3 bed semi detached somewhere, but instead it has to locked in with more theiving financial geniuses. Ill be lucky if I get 8 or 9 grand a year when I’m 65.

What makes it even worse, I probably could have retired now – If I was still in the day job and there were voluntary redundacies and depending on the deal…I could have had a €40k a year pension! I had paid in the one pension scheme for 33 years!

Now I’m all depressed again – time for some chocolate and Coke methinks!

I suppose the ministers, councillors and public servant pension schemes are all doing grand – well the payouts are anyway.

Same survey reported 1 in 3 pensions have not been reviewed in the last five years.
Regular review is key and no guarantees u will make money but at least u know where u stand
Give out all u want but people are making money in their pensions . Sticking ur head in the sand is not the answer….. Get advice and not from a Bank !!

Pensions time-bomb! This sound like some kind of terrorist plot. A wiser man than me had a solution to these old folks high jinx.. ?Old people don’t need companionship. They need to be isolated and studied so that it can be determined what nutrients they have that might be extracted for our personal use.? ~ Homer…. (Simpson)

How can we afford pensions i pay 2car taxes of 1600 € as I Connor afford newish cars 150? Property tax 5€ sewerage tax tv licence 650 € for school bus petrol has huge tax oil gas electricity have to pay all these!pump water costs where are the services no bus train clinic drop in centre no cafe shop all local pubs closed shops closing down the ones that were.no facilities !!

Add to this all the extra people who have come to ‘live’ here, that Mr Shatter welcomes with ceremonies.

They too will be seeking a piece of the Irish pension pot as the pot gets smaller for you who has paid PRSI for 30 or 40 years.

Welcome to the realities of so-called multiculturalism (remember that word ???)

keep your pension contributions under your mattress, and every few months buy gold. Gold is a safe bet, right?