In 2018, an interdepartmental pensions reform group was set up by the Government, saddled with the complex task of devising a way to harmonise and simplify the pension landscape. It was not an easy task, and after much deliberation, experts from Revenue, the Pensions Authority and the Departments of Finance, Public Expenditure and Reform, and Social Protection issued a detailed paper in November 2020 with recommendations on how to do so.  One of the key suggestions was to create a level playing field between occupational pension schemes (OPS) and personal retirement savings accounts (PRSA).  PRSAs are favoured by Revenue and…

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