
Our latest post is by Paddy Keenan, one of our Financial Advisers, here at Cathedral Financial Consultants Ltd.
Your pension is probably the most significant financial undertaking you will ever make, which is why you really should understand the basics. Only 200,000 Irish employees have defined benefit pension schemes, and only 700,000 contribute to a defined contribution pension scheme. But will those contributions be sufficient to fund your retirement? Most people can’t answer that question, as the verbiage in pension literature tends to put most of us to sleep. However, unless you have won the lottery and invested wisely, you really have to understand the basics of your pension plan.
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