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Yet again the prudent are being punished for doing the right thing

Charlie Weston


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Revelation: Bank of Ireland will impose a negative interest rate of 0.65pc on funds held in pensions from September. Photo: Simon Dawson/Bloomberg

Revelation: Bank of Ireland will impose a negative interest rate of 0.65pc on funds held in pensions from September. Photo: Simon Dawson/Bloomberg

Revelation: Bank of Ireland will impose a negative interest rate of 0.65pc on funds held in pensions from September. Photo: Simon Dawson/Bloomberg

Pension savers can't seem to catch a break.

The revelation that one of the State's largest banks plans to start charging pension funds for holding their cash means the prudent, who have gone to the expense and trouble of providing for their retirement, are being punished.


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