Irish Independent: One-third of those with a pension have quit paying money into it


Jerry Moriarty, of the Irish Association of Pension Funds, said it assumed the core reason for not taking out a pension is affordability, but it is not that simple.

He said there are many reasons, including a deep lack of understanding of how pensions work and how important they are, coupled with an element of mistrust in a pension system so complex that even the experts struggle to get their heads around it.