Ireland’s ‘bizarre pensions landscape’ criticised by industry leader
Consultation on the proposed introduction of mandatory pension savings in Ireland misses the point: what is needed is simplification of Irish pension structures. At least that’s the view of Ireland’s pension trustees.
The Government is preparing to launch a public consultation on how best to introduce auto-enrolment to ensure Irish workers have an adequate pension in retirement. Less than half of private-sector employees currently have occupational pension cover.
Tommy Nielsen, chairman of the Association of Pension Trustees in Ireland, and legal officer at Independent Trustee Company, says the proposed consultation is “another tactic to deflect from what really needs to be done”. That, it says, is simplification of the system, which it claims does not appear to be high on the agenda.
Read More: Irish Times
