Irish sponsors increase contributions; close schemes

clock

IRELAND - Nearly two-thirds of plan sponsors offering a defined benefit scheme have had trouble funding their pension funds leading some to increase contributions, close schemes or implement hybrid plans, a new survey found.

The survey conducted by the Irish business and employers confederation (IBEC) found 62% of respondents faced difficulties funding DB schemes. Of these, 63% closed the scheme to new entrants and 20...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Webinar: Moving forward with run-on – Register now

Webinar: Moving forward with run-on – Register now

Takes place online at 2pm on 2 July in partnership with Brightwell

Professional Pensions
clock 19 June 2025 • 1 min read
Partner Insight: Securing protection for trustees

Partner Insight: Securing protection for trustees

Aon
clock 19 June 2025 • 1 min read
Endgame discussions 'here to stay' as funding levels remain strong

Endgame discussions 'here to stay' as funding levels remain strong

LCP analysis shows combined FTSE 100 sits at more than £50bn with a 118% funding level

Holly Roach
clock 18 June 2025 • 1 min read
Trustpilot