Sunday 18 March 2018

How did ministers miss pension triple-whammy?

The Government's plan to raid pensioners' savings lacks ambition, says Willie O'Dea, who has an alternative solution

How is it possible that ministers who have waited so long to take power could not see that their proposed four-year smash-and-grab raid on the pension savings of thousands of private-sector workers is a bad idea?

Not only does the idea sound worse every time a minister comes out to promote it, their arguments make it clear it should never have seen the light of day in the first place.

While the Government is right to see how some of the €76bn in managed Irish pension assets can be released to help rebuild the economy -- this is definitely not the way.

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