Government needs to explain auto-enrolment to workers, says industry expert

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 35 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 77%

Auto-Enrolment News

Pension,Work

Absence of ‘public awareness’ programme outlining benefits of mandatory workplace pensions could derail scheme

Four out of five people expected to be affected by auto-enrolment are unaware of the Government's plans for a mandatory workplace pension. Photograph: iStock

Lifetime community rating was a change to long-established rules for private health insurance. It introduced a premium charge for people who only signed up for private health cover later in life, putting pressure on providers who charge all members the same amount regardless of age or medical risk profile.

“The success of these programmes relies heavily on public awareness, administrative efficiency and the perceived value of early participation,” he said. “The public awareness campaign for lifetime community rating was initiated 12 months before the deadline. With less than a year to go before the planned auto-enrolment start date, no such campaign has been undertaken.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines