Always a strong advocate for auto enrolment, Irish Life is thrilled to see some real progress being made in this space. Socially progressive and forward thinking, the introduction of an auto enrolment system will represent a major milestone in tackling pension planning and improving pension coverage across Ireland.
We know that many people working in the corporate benefit space are probably wondering how the new AE scheme will compare to existing DC plans and master trusts.
So, we have used the Government’s design principles to collate a brief comparison of the new AE scheme versus existing workplace pensions (both DC plans and master trusts) across some key features, such as tax relief, criteria for inclusion, contribution rates, AVCs, fund choice and retirement age.

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