The ticking Pension Timebomb. Will the proposed auto-enrolment of all workers into pension schemes diffuse the problem?

Written 2 months ago by Emma Comerford


The ticking Pension Timebomb. Will the proposed auto-enrolment of all workers into pension schemes diffuse the problem?

At present in Ireland there are four people working for every one person not working (unemployed; retirees, etc). By 2050 its predicted that there will be two people not working for every person working.

How will the state provide for an ageing population that will work and live longer? The answer is through auto enrolment of employees into pension schemes.

QFA Michael Lynam of Prisma Financial joined Ronan to discuss.