independent

Thursday 23 May 2019

Mandatory pensions to be discussed

Francis Russell (Pensions Specialist), Michelle Leacy (Zurich Life) and Myles Roban (Roban Financial) at the launch of Chamber Pensions Seminar, in association with Roban Financial
Francis Russell (Pensions Specialist), Michelle Leacy (Zurich Life) and Myles Roban (Roban Financial) at the launch of Chamber Pensions Seminar, in association with Roban Financial

Brendan Keane

Enniscorthy and District Chamber of Commerce are now taking bookings for the upcoming Roban Financial and Zurich Life breakfast briefing on the proposed introduction of a mandatory enrolments pension scheme.

The event will take place in The Riverside Park Hotel, Enniscorthy, on Thursday, May 16, at 7.30 a.m. and the organisers said interest in the briefing is greater than expected.

A spokesperson for the chamber said recently released figures indicate that most workers are not saving towards a pension and the country is heading towards a 'pension time bomb' as a result of employees not paying into an occupational scheme.

The Government is planning to follow international best practice for boosting pension coverage by legally requiring employers to automatically include their staff in a retirement savings scheme by 2022.

What that will mean for businesses will be the focus of attention of the forthcoming breakfast briefing.

Zurich Life personnel will be on hand to explain the details involved.

The event is being organised by Roban Financial Services, based in Slaney Place, Enniscorthy, in conjunction with Enniscorthy and District Chamber of Commerce, and it will be sponsored by Zurich Insurance.

Niall Fitzgerald, Head of Retirement Solutions at Zurich Life, will deal with the implications of Auto Enrolment while his colleague, Richard Temperley, the company's Head of Investment Development, will speak on the importance of Investment Performance. Myles Roban, Managing Director of Roban Financial, will host the briefing and the President of Enniscorthy and District Chamber of Commerce, Maree Lyng, will facilitate the event.

It's hoped that auto enrolment in pension schemes will set Ireland on the road to improved standards of living for retirees.

The importance of investment performance in pension schemes and how good performance leads to better outcomes for individual scheme members are key elements of the Government's future pension plans and this will also be discussed at the briefing.

The event is open to all employers from across the county and is being provided free-of-charge to any person wishing to learn more about this important pending legislation.

Advance booking for the event is advised due to the high level of interest and any person wishing to attend can book their place by e-mailing lisa@roban.ie or by phoning Lisa on 053 9233640.

Bookings can also be made through Enniscorthy and District Chamber of Commerce, on 053 9232006 or by e-mailing: admin@enniscorthychamber.ie.

Breakfast will be served at 7.30 a.m. with presentations at 8 a.m.

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