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Four out of 10 in the Irish pensions sector are paid more than €85,000 a year

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A survey of members of the Irish Institute of Pensions Management has found 42pc employed in the sector earn in excess of €85,000.

Well over two-thirds earned a bonus in the past year and only a small minority haven’t had a pay hike since 2017. 

The IIPM is the professional, educational, and training body for pensions professionals. It was founded in 1990.

It said the survey results confirm strong remuneration levels among members with high levels of job security and significant scope for career progression.

The survey carried out between April and June found that 80pc of IIPM members earn in excess of €55,000 a year and 14pc earn in excess of €125,000.

The institute’s President Ian Slattery said that qualified members of the Dublin-based organisation at all levels are in high demand among employers and said that the survey identified higher pay and bonuses among members of the institute than peers in the same sector.

Bonuses are common with 70pc of IIPM members reporting having received performance related pay in the past 12 months with a bonus making up more than 31pc of the salaries of almost one in five.

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