IAPF letter to Minister on minimum contribution standards
15/12/2025 Posted by | Comments(0)

Click here to read the letter in full:  Letter to Minister

We believe that proceeding without full and meaningful consultation will create significant disruption for occupational pension schemes and risks undermining decades of progress in improving retirement outcomes for workers. Such an approach would have consequences that risk damaging the existing pensions landscape by discouraging employers from offering occupational pension schemes.

Our recommendations are:
•Introduce a consultation period to consider how to achieve minimum contribution standards without destabilising the pensions system.
•Avoid operational changes to the MyFutureFund deduction process.
•Assess whether the Pensions Authority’s planned scheme authorisation regime could be used as an effective mechanism to ensure pension schemes meet required standards.

We urge the Department to take these concerns into account and to engage with stakeholders before proceeding.

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