Government rejects proposal to ban auto-enrolment pensions from investing in fossil fuel and arms industries 

Department of Social Protection said it was 'important' to not impose more restrictions on auto-enrolment participants’ investments than those that apply to workers paying into occupational or private schemes.

The Department of Social Protection rejected a recommendation that funds in Ireland’s new system of auto-enrolment pensions be banned from investing in the fossil fuels or arms industries.

The department said the scheme “will have a duty to, first and foremost, get a good financial return for participants”.