Six in ten adults feel uncertain that living standards after retirement will meet their needs, due to Ireland’s “ticking pensions time bomb”, according to a survey.
Currently, a third of Irish workers do not have pension cover outside the state pension.
Ailish McGlew – Head of Communications at later life lender Spry Finance who conducted the survey – says an increasing number of older people are looking elsewhere for supplemental income due to unsatisfactory pension payouts.
