Pensions

Explainer: what is the new pension auto-enrolment scheme and why does it matter

The auto-enrolment scheme has been a long time in the making but it can be transformative for the Irish pensions system, writes Hilary Larkin of Mazars Ireland

The auto-enrolment bill will provide a pension for employees who do not currently have one

The proposal for a pension auto-enrolment scheme was first floated in 2006 by Séamus Brennan, the then minister for social and family affairs.

We’re now almost 20 years on and Heather Humphreys is the ninth minister for social protection to hold office since the idea was first tabled. This time around, however, it now seems likely that auto-enrolment will be a feature of the Irish pensions market in 2025 after the government approved the Automatic ...