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Inside Business podcast with Ciarán Hancock
Inside Business podcast with Ciarán Hancock
Mercer report expects auto-enrolment to address long-standing concerns about sustainability of pension regime
Auto-enrolment is widely expected to boost the retirement income of most people
Announcement comes a week after she confirmed start date for mandatory workplace pension scheme of September 30th, 2025
The best news, analysis and comment from The Irish Times business desk
The Government’s plan to boost private pension coverage looks likely to have less of an impact than had been hoped
Failure to achieve 6% payments from workers and employers could significantly undermine the retirement income the plan is expected to deliver
The best news, analysis and comment from The Irish Times business desk
Department of Social Protection targeting start of scheme aimed at capturing 750,000 workers without pension plan in ‘early 2025′
Willis Towers Watson crunches pension numbers but advises that most workers will benefit more in a company scheme if one is available
More than four in five respondents support auto-enrolment but close to half warn of initial pushback
Job comes with salary of €200,000 a year, but added wages could push pension pot to point where it is hit with tax liability
Seen & Heard: VAT surprise for Uber drivers; McKillen’s ‘informal contract’ with Sheikh; renewable firms’ crisis profits; pension deadline
The power of compounding is key to building a pension pot and it means how long something is invested for is probably more important than how much is invested
Absence of ‘public awareness’ programme outlining benefits of mandatory workplace pensions could derail scheme
Legislation holds planned new mandatory workplace pension scheme to lower regulatory standards than private sector rivals
Many Irish employers will struggle with the implementation of the upcoming system, staffing agency warns
Auto-enrolment legislation is a missed opportunity as calls for measures to boost women’s pension funds were ignored
Auto-enrolment start date has slipped several times before. Now pegged for ‘early 2025′, will it slip again?
CPA Ireland president says many small and medium businesses may not be able to afford cost of auto-enrolment
Companies and the Government need to act now to explain the value of a pension or run the risk of undermining landmark programme, says Aon
Aon study also says more action is needed to address pensions gap that leaves women at a disadvantage in retirement
Irish Life says savers do better under existing tax-relief regime and new approach will hit take home pay of lower earners the hardest
Irish Life says most companies have some pension “gap” but are reluctant to operate two schemes in parallel
The new State scheme will present employees with an important choice
Anything above so-called standard fund threshold is taxed at 40%
While more than half of men receive a private pension, fewer than one in three women receive the same benefit
Department of Social Protection tells employers new rules will allow transfer from compulsory scheme to workplace alternative
Some 800,000 workers will be brought into a scheme for the first time, but Sinn Féin says NTMA should manage new initiative and not private pensions sector
New figures show compulsory workplace saving could deliver a decent pension
Inside Business podcast with Ciarán Hancock
EY numbers suggest workers could retire with strong savings for retirement under new compulsory pension scheme
Analysis showed proposal by retired actuary could more than double income for workers in retirement
Industry observers skeptical that scheme – aimed at capturing 750,000 workers without pension plans – can be up and running by start of 2025
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