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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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
The Irish Pensions Authority is set to share its 2025-2029 pension strategy in the ‘coming weeks’
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As at 30.9.24, *30.6.24
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Irish citizens are set to get a retirement boost following the government’s decision to implement its auto-enrolment retirement savings scheme in 2024. That is, if all goes to plan. Under the proposed scheme, which has been a topic of debate in Irish politics for at least 15 years, employees will have access to a workplace pension savings scheme that is co-funded by their employer and the state.
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
The Irish Pensions Authority is set to share its 2025-2029 pension strategy in the ‘coming weeks’
Department of Social Protection advertises for CEO and board member positions, announces preferred bidders for investment management services
Master trust market in Ireland has continued to grow as trustees and employers respond to obligations under the IORP II
The Authority conducted compliance audits across various pension funds focusing on adherence to regulatory standards and the effectiveness of internal controls
After successive delays, the country’s new auto-enrolment retirement system is finally set to get off the ground this year