SFA opposes mandatory pension system proposal
In its submission to the Department of Social Protection working group, charged with creating a roadmap for universal pensions, the Ibec-affiliated small business lobby group has stated that while it recognises the importance of the Government’s ambition to build a sustainable pensions system for the future, it is fundamentally opposed to any move towards a mandatory Universal Retirement Savings System.
“It is clear that the current pension provision needs to be enhanced to meet the demands of future retirees but we are by no means convinced that mandatory pension provision is the best option.
