Ireland’s auto-enrolment scheme increases pension coverage
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In Ireland, the Competition and Consumer Protection Commission (CCPC) reported a 17% rise in pension ownership since 2025, following the launch of the Government’s MyFutureFund auto-enrolment scheme earlier this year.
The CCPC found that despite increased coverage, many people still lack confidence in their future financial security in retirement. Only two in five Irish people surveyed believe their pension will fund a comfortable retirement, and just one in three expect their savings to outpace inflation.
The research also revealed disparities in how men and women prepare for retirement. Twenty-four percent of women currently have no pension arrangements, compared to 17% of men. Women also reported lower levels of understanding about pensions and greater uncertainty about their future standard of living in retirement. Gráinne Griffin of the CCPC noted that people often avoid reviewing pension statements because they are complex.
She encouraged people to consult with financial planners or advisors to ensure their pension plans align with their budgets and goals. Dermot Griffin, CEO of the National Automatic Enrolment Retirement Savings Authority (NAERSA), stated that over 800,000 people had enrolled in MyFutureFund by the end of August, with more than 10,000 opting in since January 1, 2026. The program has already invested over €550 million on behalf of participants.
