Government confirms delay of pension auto-enrolment

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