Head of Corporate Consulting, Brian Mulcair, provides detailed overview on key features of proposed Auto-Enrolment system
WTW provides an overview of the Irish Government's plans to implement Auto-Enrolment in late 2024. Ireland is currently the only OECD country that does not have a pensions Auto-Enrolment system, and its introduction is long overdue.
It is estimated that only one in three private sector workers have supplementary pension provision and that when Auto-Enrolment goes live it will provide retirement savings access to an additional 750,000 Irish employees.
So what do we know about Auto-Enrolment? And what are the key questions employers need to consider in advance of Auto-Enrolment going live later this year?
In this video we provide insight into the proposed features of the new Auto-Enrolment system, we set out the key questions that companies will need to consider, and we then outline how WTW can help companies prepare for the new requirements.
LifeSight, a pension solution that helps businesses to offer a high-quality pension to their workforce, now has €2billion of Irish retirement savings as assets under management, and counts more than 130 employers as its clients.
