Government pension plan to ‘exclude’ 700,000

Plans unveiled last week by the Government to help bring in auto-enrolment for pensions by 2020 are welcome but 700,000 people may be excluded from the new scheme, according to a leading pensions advisor.

Mercer said that groups of workers, including the self-employed, people outside the designated age band, and people earning less than €20,000 a year could be excluded from auto-enrolment.