Auto enrolment pensions are coming
Whether or not your organisation provides access to an employer pension scheme or not there are certain things that all employers MUST do - even before mandatory pension schemes are introduced.
Last night, the Taoiseach gave a speech to the employers' group IBEC to announce an upcoming national pension plan that will look to start by 2021. In this speech he said:
‘Another priority is to ensure that more people in work make provision for decent pensions when they retire. This issue has been long-fingered for too long, and now that the economy is recovering strongly we must act decisively, and we will publish a five year roadmap for pension reform before the end of the year.
This will include introduction of an auto-enrolment pension scheme for private sector workers, two-thirds of whom currently have no occupational pension to supplement their state pension. I anticipate the first payments being made into those new individually held funds by 2021.
Nelson Life welcome this decision, we are available to discuss the future of pensions in your organisation.
We have developed an employer dedicated website www.saver.ie for more information on employer pension responsibility, compliance and how Nelson Life can assist.
Want to know more? We are available to discuss your options, and we look forward to hearing from you.
Our job is to help you choose a product and structure that will help you meet your goals.
telephone | 091441188 and/or email | office@nelsonlife.ie
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