IRELAND - The Pensions Board is embarking on a campaign to increase pension provision among youth.
Only 50% of people aged 25 to 34 have private pension provision at present. The advertising campaign is designed to target environments where young consumers are more likely to be, said Pensions Board information and training head Mary Hutch.
“The endeavour to encourage activity around pensions sees us entering the very backyard of our key target sectors,” she said. “Young people go to the cinema in the evening, have a drink in the pub with their friends at the weekend or travel by bus. The intention of our winter campaign is that the issue of pensions will turn up where they least expect it and encourage people to face up to their financial futures.”
Hutch said there already was a high level of awareness around pensions, but the aim now was to convert awareness into action.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.