DAVE FLYNN, 60, is considering how to make the most of his entitlements from two occupational pensions from previous employers and his current pension as a self-employed process improvement consultant.
“I’m thinking about what I need to do to maximise my pension. When is the right time for me to retire? Will I have enough? These are the sorts of questions that are going through my mind,” he said.
Flynn has been using Irish Life’s online retirement centre to help find answers. The website provides information for those thinking about retirement.
The one certainty is that Flynn will have an active retirement. “I have friends who have retired but are still leading very young lives. I played football up until recently and I cycle a lot,” he said.
Flynn isn’t worried about losing his entitlements if his occupational schemes were to fail because both of his former employers are financially healthy.
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Flynn believes that pension providers should be rewarded based on the quality of their advice. “Pension providers take your funds and tell you where to invest them and then get paid their charges, regardless of whether your funds actually do well or not. They win either way,” he said.