Company limits choice of company to choose PRSA from?

Raphael

Registered User
Messages
1
My company is ending their defined benefit pension scheme after many years. We now have to open individual PRSA's. Our company is insisting upon only letting us choose an Irish Life PRSA. Many of us wish to use alternative companies. We are being rushed to make a decision on what PRSA from Irish Life to choose and we feel pressurised. When we ask we are told that the company has the right to choose on our behalf. Is this correct? Thanks in advance, Raphael.
 
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