A Clare pension provider claims a mandatory pension scheme is vital if we’re to maintain our lifestyles after retirement.
The Auto Enrolment Retirement Savings System was first announced by the government in February and this week has seen a public consultation on it launched.
From 2022, private sector employees are set to be automatically enrolled with both the worker and employer contributing towards a pension fund.
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Tommy Corbett of Carey Corbett Financial Solutions in Ennis says it’ll be of huge benefit to younger people and it’ll ensure they’re financially stable in old age:
