On 29 March 2022, the Department of Social Protection published
the Final Design Principles for the introduction of a pensions
auto-enrolment system in Ireland.
The aim of auto-enrolment is to "change the Irish
pensions system from one where employers may, or may not, make
provision for a workplace pension scheme to one where every worker
will have access to a workplace pension". Even though
proposals for auto-enrolment have been around since the 2000's,
Ireland has somehow managed to remain the only OECD country without
any form of auto-enrolment system. With the publication of the
Final Design Principles, will that all change and what are the
consequences for existing pension schemes?