More than four in five respondents support auto-enrolment but close to half warn of initial pushback
Survey finds more than four in five respondents support auto-enrolment but close to half warn of initial pushback
More than four in five adults support the proposal to auto-enrol workers aged between 23 and 60 and earning more than €20,000 into an occupational pension plan if they are not already in one, according to the survey by life insurer and pensions specialist Royal London Ireland. The figures will rise to 3 per cent in year four after the scheme is up and running, 4.5 per cent in year seven and 6 per cent in year 10. At that point annual contributions to the workers’ funds will be 14 per cent, of which 6 per cent comes from the workers’ pay.
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