Pensions
Firms warned to avoid being auto-enrolled in Government’s mandatory pension scheme
An expert’s view: the problems with new pension auto-enrolment rules and how firms can adapt
Irish businesses face the prospect of major headaches next year with the rollout of landmark pension rules that will automatically sign up most workers to a retirement savings scheme, a financial expert has warned.
Nick Charalambous, managing director of Alpha Wealth in Co Cork, said the government’s new pension auto-enrolment rules came with “many disadvantages”, and urged employers to set up their own schemes before the new system is implemented.
The new pension auto-enrolment rules ...