Why don't the Irish do pensions?

The pros and cons of auto-enrolment as a solution to the low level of private sector pension coverage

Do people need a pensions 'nudge'? Pic: iStock

When you ask the question ‘have you organised a pension?’ there are several answers given: ‘No, sure I’m way too young to be thinking of that’; ‘I have thought about it but don’t really understand all the options’; or ‘Don’t need one, I have invested in property for my retirement’.

The Pensions Authority reports on a regular basis about the fact that about one million private sector workers (70 per cent of the ...