The My Future Fund scheme, now delayed to 2026, has now been postponed three times since 2018. Irish Life, Amundi and BlackRock have been tapped as investment managers for the scheme, while governance concerns flagged by the Pensions Authority have caused some concern. Meanwhile, master trust assets continued to soar. However, real reform also hinges on raising saver awareness, not just structural fixes.
After successive delays, the country’s new auto-enrolment retirement system is finally set to get off the ground this year
Pension fund/entity | Assets (€’000)
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Trustees face stricter governance, resilience and conflict management standards under Ireland’s forthcoming authorisation regime
The fund launches with an initial allocation of €260m and will be integrated into the Aon multi-asset fund range
My Future Fund went live on 1 January
Since the transposition of the IORP II Directive into Irish law, there has been an increased demand for personal retirement savings accounts (PRSAs)
The Authority’s Andrew Nugent says: ‘We’ve been patient and pragmatic’
Company | Assets (€m)
As at 30.9.24, *30.6.24
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Trustees face stricter governance, resilience and conflict management standards under Ireland’s forthcoming authorisation regime
IPE’s survey of European consultants reveals a complex patchwork of client preferences
The fund launches with an initial allocation of €260m and will be integrated into the Aon multi-asset fund range
My Future Fund went live on 1 January
Since the transposition of the IORP II Directive into Irish law, there has been an increased demand for personal retirement savings accounts (PRSAs)
The Authority’s Andrew Nugent says: ‘We’ve been patient and pragmatic’
Auto-enrolment in Ireland is expected to commence from 1 January 2026
Smaller countries can more easily reach consensus on key issues affecting pensioners, Natixis observes
This is a critical step forward in ensuring that NAERSA is established, staffed and prepared in advance of MyFuture Fund commencing from 1 January 2026
Ireland’s pension system is on the cusp of its biggest shake-up in decades, but uncertainty, inertia and governance gaps threaten to undermine it