Latest news and analysis of pensions, asset management, regulation and trends in Ireland from our award-winning journalists.
The planned Future Ireland Fund (FIF) aims to cover expected future costs such as pensions and healthcare
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.
Ireland stands a few policy steps away from the creation of a serious first and second-pillar pensions architecture that will improve the country’s international standing in terms of retirement provision.
Ireland is preparing an Auto Enrolment Bill, which will kick-start the process of defined contribution pension reform in earnest, some 15 years after the concept was first mooted. The plan is for a Central Processing Authority to administer the system and for up to four providers to tender for a chance to manage member contributions.