The Professional Insurance Brokers' Association has attacked the Government's forthcoming Pensions (Amendment) Bill as inadequate, ill thought out and lacking in flexibility.
The Bill was due to go through the Dail today, but the PIBA, which represents 700 insurance brokerages around the country, says serious changes need to be made for the Bill to benefit employees and individuals.
Chief executive Diarmuid Kelly says the measure does not deliver enough flexibility for employees of private pension schemes, and will introduce even more complex rules and restrictions.
Among the PIBA's suggestions are for a representative of insurance brokers to be given a place on the Pensions Board. It is also critical of the fact that PRSI relief will not be given to workers who choose their own pensions.
