Government confirms delay of pension auto-enrolment

[ClubMan]

I counted

Maybe it's one of those prize promotions - guess the number of coins in the jar and win the CEOship of NAERSA?

 

[Duke of Marmalade]

Actually all that the investment managers are being asked to do is to accept NAERSA as a unitholder. So €7m a year looks like money for old rope. As @Colm Fagan explains in #38 this is only a tiny part of the overhead costs of NAERSA.

 

[johnwilliams]

a poster above mentioned if things go pear shaped
so would happen then to peoples contributions .does the government cover it ? especially if it happens just as you retire?

 

[Dr Strangelove]

things go pear shaped

Things can’t go pear shaped unless there is embezzlement which is highly unlikely.

If there are negative returns over a long period there may be political pressure on government to subvent retirees’ funds.

 

[Fortune]

would happen then to peoples contributions .does the government cover it ?

There's nothing to cover. People's contributions were spent years before to buy assets. When they come to draw down, the assets are sold and they get whatever the net proceeds are.