A Clare insurance company is warning many employers are dangerously underprepared for the auto-enrolment pension scheme due to come into effect next year.<\/p>\n
It follows a new study which shows the average Irish woman\u2019s pension pot is worth 40% less than a man\u2019s.<\/p>\n
From January 1st, every single Irish worker over the age of 23 who is not currently part of a pension plan will be included in the state\u2019s auto-enrolment scheme.<\/p>\n
Employers and employees will match contributions, while the government will give a third of the amount.<\/p>\n
However one Clare insurance company believes many organisations remain dangerously underprepared for what\u2019s to come, risking compliance issues, payroll errors and confusion.<\/p>\n
Head of Financial Services at Ennis-based Campion Insurance, Ivan Dunne says particularly with tax reliefs available for company schemes, it\u2019s vital employers assess if the scheme is the best option for them.<\/p>\n
New research from the Irish Owned Network of Financial Advisers Ask Acorn, meanwhile, has shown that the average pension pot for women is now \u20ac60,500, over 40% less than the average men\u2019s pot of \u20ac102,000.<\/p>\n
Former Clare Social Democrats General Election Candidate Hilary Tonge says women have far more obstacles to navigate, which will lead to poverty if not addressed.<\/p>\n
You can listen to the full interview here:<\/p>\n","protected":false},"excerpt":{"rendered":"A Clare insurance company is warning many employers are dangerously underprepared for the auto-enrolment pension scheme due to…\n","protected":false},"author":2,"featured_media":2982,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[72,176,61,60,174,175],"class_list":["post-2981","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-ie","tag-ireland","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/2981","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=2981"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/2981\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/2982"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=2981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=2981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=2981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}