Hibernian backs calls for 'soft' mandatory pension schemes

Irish insurance group and pension provider Hibernian has supported the call for a system of soft mandatory pensions to be introduced in the Irish market.

Deputy chief executive, Stuart Purdy said: “The soft mandatory proposal recommended today by the IIF builds on some of the ideas we highlighted in our Global Pensions Puzzle publication earlier in the year, such as the Kiwi Saver in New Zealand, and represents a very practical and workable solution for the pensions challenge which we currently face in Ireland.