Industry Insights: Planning for Pension Auto-Enrolment

Join us for Industry Insights, a new series designed to provide SMEs with the knowledge they need to navigate the ever changing business landscape. These expert-led sessions will provide comprehensive guidance, regulatory updates and industry specific knowledge to ensure your organisation is prepared for the challenges and opportunities ahead.

This event will provide details on the recently published Automatic Enrolment Retirement Savings Bill and how it will impact your business.

The Government?s aim is to substantially increase the number of employees who are currently saving for their retirement, which will result in approximately 800,000 new pension savers. Under the proposed Auto-Enrolment System, employees between the ages of 23 and 60 who earn in excess of ?20,000 per annum from all employments, and who are not already participating in a qualifying pension scheme, will be automatically enrolled in a pension arrangement.

Auto-Enrolment will have significant implications for many employers as it will present compliance and operational challenges as well as give rise to additional business costs.

Topics to be discussed:

* How Auto-Enrolment will work in practice?

* Key Issues for Employers

- What employees will be affected by Auto-Enrolment?

- What approach should be used to meet Auto-Enrolment obligations & what are the options available so that Employers can select the optimum solution for their employees & their business?

- How much will Auto-Enrolment cost?

* What actions should Employers be taking now and how they should prepare for Auto-Enrolment?

You will hear from John Kearney, Director, Provest Pension Consultants, who has over 25 years? experience in the pensions and employee benefits industry. John previously held senior roles with Aon and Willis Towers Watson and advises multi-national and indigenous Irish companies in relation to the Defined Benefit and Defined Contribution Pension Plans which they sponsor. In addition to the Auto-Enrolment System, he also supports Trustees and Sponsoring Employers in respect of the recent changes to the State Pension Age, Defined Benefit Risk Settlement Opportunities and IORP II compliance.

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