New figures show compulsory workplace saving could deliver a decent pension
Minister for Social Protection Heather Humphreys and her new boss, Simon Harris, are running out of time to deliver auto-enrolment. Photograph: Dara Mac Dónaill
Even someone well into their career – at 38 and on the average industrial wage – could reasonably expect to accrue a pension pot of over €344,000 by the time they retire, his figures show. Some similar practical engagement on the political side would be welcome. Workers and their bosses – on whom the burden, financial and otherwise, of making auto-enrolment a reality – are still being assured by Government that everything will be up and running early next year.Martin Wolf: The tree of debt must stop growing
Her new boss, Simon Harris, has already made it clear he wants the Government to run full term. That means an election in the first quarter of next year – before March 22nd. The notion that Coalition parties are going to start taking money from workers’ pay packets weeks before they go to the polls is fanciful. Not least as their efforts to sell the idea so far have been somewhat ham-fisted.
Pension Auto-Enrolment Heather-Humphreys Simon-Harris Ey
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