What may happen to my pension this year – and should I be worried?

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If you’re one of the hundreds of thousands of Irish pension-savers in a defined contribution (DC) scheme, you may be in line for a fright over the coming weeks, as pension funds across the State write to members telling them of a major change on the way.

As part of this change, many pension fund members may be told that their scheme is going to be wound up. It’s important to note that this is due to regulatory reasons and has nothing whatsoever to do with the solvency of a scheme.

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