The Irish Association of Pension Funds has called on the Minister for Finance to introduce measures to encourage people to put money from special savings schemes into pensions.
In its pre-Budget submission, the IAPF argues that such incentives would avoid 'an undesirable inflationary spike' when the SSIAs mature.
The IAPF's Paul O'Brien described the SSIA windfalls as a once-off opportunity for the Government to improve the quality of pensions cover.
The body also argues that stamp duties act as a disincentive for pension funds to invest in Irish property and equities. It wants stamp duties on the purchase of property and shares by pension funds to be eliminated.
