Large companies tried to put staff in pension schemes with little return

Large companies employing thousands of people plotted a scheme with financial advisers to push staff into pension schemes that would yield very little in return.

A government paper said large companies employing thousands of people had plotted a scheme with financial advisers to push staff into pension schemes that would yield very little in return.

The cynical plan was introduced late last year as the Department of Social Protection finalised plans for an auto-enrolment system for workers.