Elevate Financial Planning MD Conor Farrell says that while it is a positive step forward for workers, most will still need to ‘top up their savings privately’

Elevate Financial Planning founder & managing director, Conor Farrell.

Elevate Financial Planning founder & managing director, Conor Farrell.

The State’s new auto-enrolment pension plan, which has been promised for decades, is finally due to be rolled out next year.

People aged between 23 and 60 who do not have a pension scheme and earn over €20,000 a year will be automatically enrolled.