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News, Jan 24, 2025

IAIM Calls for Smarter Alternatives for Savers and Pensioners

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Almost €145 billion of household savings in Ireland are currently sitting in low-interest deposit accounts, earning very little or no return. According to Michael D’Arcy, Chief Executive of the Irish Association of Investment Managers (IAIM), this represents a significant missed opportunity for savers.

In a recent article with the Sunday Post, D’Arcy highlights that many Irish savers and pensioners are unaware of the alternative investment options available to them. He urges people to look beyond traditional deposit accounts and explore safe, regulated investment alternatives that can deliver higher returns without exposing their capital to unnecessary risk.

“Deposit accounts pay very little interest, especially after tax,” says D’Arcy. “There are other, safer options that can offer more without the fear of losing your money.”

IAIM members primarily serve everyday savers and pensioners, managing investments in a highly regulated environment. Despite misconceptions, D’Arcy stresses that the sector's main goal is to help individuals make informed decisions about their financial future, not just cater to the ultra-wealthy.

With €5 trillion in assets under management and strong industry growth, D’Arcy calls for greater public education on financial literacy, particularly around the variety of investment options that cater to different risk profiles. The sector is committed to improving understanding and encouraging smarter investment choices for the broader public.

For more on how Irish savers and pensioners can make their money work harder, read the full article in the Business Post.