![\"Almost](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2025\/09\/GettyImages_2178335816111.jpg\")
<\/p>\nMore than one in four adults still do not have a retirement plan in place, according to research commissioned by the Competition and Consumer Protection Commission (CCPC).<\/p>\n
The survey, by Ipsos B&A, found that 26pc of respondents have no financial arrangements at all for their retirement.<\/p>\n
This is an increase from 21pc last year, or one in five.<\/p>\n
The survey also found that almost one-third of pension holders regret not starting their contributions earlier.<\/p>\n
Affordability and \u201cputting it on the long finger\u201d were cited as key barriers by those who do not have a pension in place.<\/p>\n
Around 25pc of respondents said they can\u2019t afford it, and 19pc admitted they have yet to get around to sorting out a pension.<\/p>\n
Just over one in three pension holders are unsure how pensions work.<\/p>\n
Approximately six in 10 Irish adults have some form of pension<\/p>\n
And more than half lack confidence in their pension\u2019s ability to provide a good standard of living in retirement, the CCPC-commissioned research found.<\/p>\n
The research also found that less than half of those with a pension review their annual pension statement, down from last year.<\/p>\n
Pension ownership is lowest among 18- to 24-year-olds.<\/p>\n
<\/p>\n
Almost a third of pension holders regret not starting saving plan earlier. Photo: Getty<\/p>\n
Today’s News in 90 Seconds – Monday, September 15<\/p>\n
However, 21pc of those aged between 45 and 54 also report having no retirement arrangements in place.<\/p>\n
Among the adults with no retirement plan in place, the majority now expect to rely on the state pension to fund their retirement.<\/p>\n
This growing dependence on the state pension is accompanied by a sharp decline in expectations around rental income.<\/p>\n
This has dropped from 22pc in 2022 to just 9pc in 2025 who expect to rely on rental income to fund their retirement.<\/p>\n
The CCPC said this suggests a significant shift away from property-based retirement strategies and highlights increased vulnerability among those without private pension arrangements.<\/p>\n
It\u2019s really important to take control of your financial future<\/p>\n
Director of communications at the CCPC, Gr\u00e1inne Griffin said: \u201cThis year\u2019s research confirms that Ireland\u2019s pensions gap remains a concern, even among those just a decade or two away from retirement.\u201d<\/p>\n
She said that with over a quarter of adults still without any retirement plan in place, and others regretting not \u00adstarting sooner, the message is clear: it\u2019s \u00adnever too early, or too late, to take action.<\/p>\n
Retirement expectations are also shifting, with only 19pc expecting to retire at 65, compared to 25pc in 2024, she said.<\/p>\n
The CCPC said the survey shows financial advice continues to be underused, with 66pc of those surveyed stating that they have never spoken to a financial adviser about their retirement plans.<\/p>\n
Ms Griffin said: \u201cIt\u2019s really important to take control of your financial future. Figure out how much you\u2019ll need in retirement and what you can afford to contribute now.\u201d<\/p>\n
She said a good rule of thumb is to aim for a retirement income of 50pc to 60pc of your pre-retirement income.<\/p>\n
The CCPC advised people to speak to a regulated and qualified financial adviser who will be able to guide them, no matter where they are on their pension journey.<\/p>\n","protected":false},"excerpt":{"rendered":"More than one in four adults still do not have a retirement plan in place, according to research…\n","protected":false},"author":2,"featured_media":138434,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,24120,4176,24121,4178,4174,4175,56,54,55],"class_list":{"0":"post-138433","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-charlie-weston","10":"tag-finance","11":"tag-money-experts","12":"tag-pensions","13":"tag-personal-finance","14":"tag-personalfinance","15":"tag-uk","16":"tag-united-kingdom","17":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/138433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=138433"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/138433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/138434"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=138433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=138433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=138433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}