Minister for Social Protection Heather Humphreys: she says she will shortly start looking for auto-enrolment investment managers.
“Auto-enrolment has been talked about for 30 years: in 2025 it will become a reality,” Ms Humphreys said.
Her officials aims to select four investment management companies to invest contributions from employees, employers and the State.
The investment managers will provide three strategies: a higher risk, medium risk and lower risk strategy.
The contributions are due to increase in stages, reaching 6 per cent, 6 per cent and 2 per cent respectively in 2035..
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