The Department of Employment Affairs and Social Protection (DEASP) has published their much anticipated Roadmap for Pension Reform. Categorised under six headings, DEASP aim to address our aging population, correct anomalies and move to a system of adequate pension coverage.
Analysis of the Roadmap by the IAPF will be published soon.
Strand 1: Reform of the State Pension - including the ‘Total Contributions Approach’
Strand 2: Building Retirement Readiness - A New Automatic Enrolment Savings System
Strand 3: Improving Governance and Regulation - including the EU Pensions Directive ‘IORP II’
Strand 4: Measures to Support the Operation of Defined Benefit Schemes
Strand 5: Public Service Pensions Reform
Strand 6: Supporting Fuller Working Lives