Retirement, Pensions & Auto Enrolment in Ireland
"Automatic Enrolment (or AE) is perhaps the most fundamental policy reform in a generation in terms of retirement savings provision." Minister for Employment Affairs and Social Protection Regina Doherty T.D., August 2018.
This seminar focuses on two issues likely to dominate the workplace for many years to come - retirement and auto enrolment in pensions. There are currently around 5 persons of working age for each person aged 65 and over; by 2050, the equivalent figure will be just over 2.
In relation to retirement, it is not unlawful to compulsorily retire employees without objective justification. Employers are faced with the thorny problem of justifying a forced retirement under a normal retirement age policy or removing a mandatory retirement clause in contracts and dealing with ageing employees on a case-by-case basis, as the employee's capabilities wane. Either way, some difficult conversations will be necessary.
Why is this event important for you?
Minister Doherty launched the Consultation Process for an Automatic Enrolment (AE) Retirement Savings System in August 2018, along with a 'Strawman' proposal, which is high-level draft designed to prompt and generate discussion and improve ideas. This proposal followed on from the Roadmap for Pensions Reform 2018 – 2023, which had been published in February. So, we know where the government is going on workplace pensions and its likely form. This seminar will enable you to start early planning and consultation with pension providers, employees and their representatives. Pensions are only one part of an overall rewards package and we will also consider how to use AE to your advantage as a recruitment and retention tool.
It is intended that those saving in the Auto Enrolment system will be supported by both employer and State contributions. Whilst workers will have the freedom to opt-out should they so choose, experience in other countries indicates that once automatically enrolled workers tend to remain within the system.
The Strawman proposal is based on experience from the UK and elsewhere. One of our speakers has advised over 180 UK employers on their auto enrolment schemes. This is your chance to learn from their experience, rather than from your mistakes.
Every employer currently needs to objectively justify forced retirement. Very soon, every employer will be expected to auto enrol every employee into a pension scheme. And every pension scheme must meet the required and regulated standards. Act now to ensure you meet your legal requirements in relation to retirement and provide a pension scheme fit for purpose.
After attending you will:
- Have heard from some of Ireland's and the UK's leading experts on changes and employer responsibilities in relation to retirement, auto enrolment and reward packages.
- Have a detailed insight into how to handle retirement of employees in Ireland's workplaces, without falling foul of employment equality laws
- Have a detailed insight into the practical dos and don'ts based on experience from over 180 UK employers
- Have received notes and top tips on the best way forward from these experts.
- Have had an opportunity to question and network with experts and peers.
- Understand the different likely options available to employers and be able to plan a route forward.
More value from this event
As well as detailed notes, top inside tips, panel discussions and more, delegates will be able to ask questions live in our post-event webinar to help embed learning.
Course overview/outline programme
- The Law on Retirement from Employment in Ireland
- Difficult Conversations with Older Workers
- Auto-enrolment in Pensions – Lessons from the UK
- Reward and Benefit Packages
- Plenary Panel Discussion
Who should attend?
This seminar is for every employer concerned about the issues of retirement and pensions and who needs advice on how to best proceed with a mandatory retirement policy and auto enrolment pension schemes. It would suit CEOs, Finance Directors, Pension Scheme Trustees and others with responsibilities for workplace pensions. HR professionals, who will doubtless be required to communicate changes within the workplace and who will have to deal with various retirement issues would also greatly benefit from attendance.
When and where?
9:20am - 2:00pm on Tuesday 26th March 2019
Spencer Hotel, Dublin
Standard Price: €395
Early Bird Price: €345 (deadline 5 pm on Friday 22nd February 2019)
Charity/Small Company Price*: €345
Charity/Small Company Early Bird Price*: €295 (deadline 5 pm on Friday 22nd February 2019)
Save an additional €20 if you pay online when booking.
*All organisations with fewer than 50 employees or charities qualify for our Charity/Small company rate. The number of employees includes all branches, subsidiary/parent companies, boards, trusts and federated organisations.
In association with:
Introduction and Welcome
Scott Alexander, Head of L&D at Legal Island, sets the scene and outlines the programme at today’s event.
The Law on Retirement from Employment in Ireland
Jennifer Cashman, Partner and Practice Group Leader in the Employment Group, Ronan Daly Jermyn, sets out the law on retirement and justification of mandatory retirement, including the use of temporary contracts for older employees.
This session includes a survey of case decisions at CJEU level and in the Irish system, where mandatory retirement of employees has been found to be justified or not. This session also considers the possibility of ‘hybrid’ claims, where employees argue both age and disability discrimination as a result of their enforced retirement.
Difficult Conversations with Older Workers
There will be some employees who do not wish to retire, whether or not a mandatory contractual retirement age has been set. At some stage many employers will have to have that difficult conversation, where the declining performance of the ageing employee becomes an issue or where an older worker must retire against their will. How might you start these conversations? What factors might you wish to consider before you start to speak? And how do you conduct this conversation, whilst at the same time minimising the risks of claims on grounds of disability or age discrimination?
Expert trainer, Anna Rowan, business trainer & coach, conducts a role play for the audience to observe and comment upon. Anna also provides a handy list of Dos and Don’ts to help you plan for your own difficult conversations.
Break and Networking
Auto-enrolment in Pensions – Lessons from the UK
We know that the Government plans to introduce auto-enrolment for all workers from 2022. We also know that Ireland’s laws on auto-enrolment will be based on lessons from outside this jurisdiction. Andrew Waller, Managing Director, Generation Financial Services introduced auto-enrolment into 180 UK organisations from 2014 and sets out what, with hindsight, worked well and not so well, in order to give delegates a good steer on the issues they are likely to face, as well as the achievements they should be able to celebrate.
Reward and Benefit Packages
Pensions can be cost-effective for employers and, once everyone must comply, they will become part of a reward and benefit package that will be a part of an employer’s tax efficient recruitment and retention options. Trayc Keevans, Global FDI Director, Morgan McKinley, explains how to make the most out of pensions as part of a package.
A matter that could become a major problem, rather than a current benefit, is permanent health insurance. Trayc also sets out PHI issues in retirement and options for dealing with PHI schemes that end at age 65, where normal retirement ages are higher.
Plenary Panel Discussion
Our final session is a panel discussion featuring all speakers about issues of concern from the audience. This session is chaired by Fionán O’Sullivan, Corporate Sales Director, Acumen & Trust.
Added Value: Attendees at this event may also listen in live to a post-event webinar with Jennifer and Fionán, where attendees and others may submit supplementary questions live or in advance of the webinar.
Lunch and Networking
Jennifer Cashman Practice Group Leader Employment Group
Ronan Daly Jermyn
Jennifer Cashman is Practice Group Leader of Ronan Daly Jermyn’s Employment Group. Her focus is on providing strategic business advice and practical, commercial solutions for clients across a range of industry sectors. She advises multinational companies in the technology, pharmaceutical, medical devices and diagnostics sectors and also provides employment advice to Public Authorities, Universities and a number of primary and secondary schools. Jennifer is a member of the Firm’s Cyber and Data Protection Team and advises on a broad range of data management issues including GDPR, data breaches, data subject rights, international data transfers, employee data and compliance training.
Andrew Waller Director
Generation Financial Services
Andrew has been in the financial services industry since 1986, working as a financial adviser for a major insurance company, progressing to independent status in 1989 and running his own IFA business for many years.
Since the sale of his first business he has held sales director roles within major IFA businesses before joining Generation Financial Services to head up the corporate proposition. Andrew is now a Managing Director and owns 50% of the business.
Andrew has specialised in the corporate market for nearly 20 years dealing with businesses of all shapes and sizes, helping them to implement employee benefits for their staff.
Since the introduction of Auto Enrolment (AE) Andrew and his team devised a seamless AE advice and implementation process and have successfully implemented new pension scheme for over 180 employers as well as conversion of many existing pension arrangements.
The team at Generation continue to provide ongoing AE and pension support to their clients.
Fionán O’Sullivan Corporate Sales Director
Acumen & Trust
Fionán has worked in the Corporate Pensions industry since 1995 with vast experience in Managing and Co-ordinating Benefit Arrangements for medium to large corporate clients. Acumen & Trust, as an independent advisor provides top quality advisory services to clients and his role is primarily focused on attracting and securing new corproate accounts ensuring high quality advice and service is provided.
Trayc Keevans Global FDI Director
Following an initial career in banking and finance - working in Bank of Ireland and Statestreet amongst others, Trayc has worked in recruitment for Morgan McKinley since 2006.
Anna Rowan Director
Anna Rowan has many years’ experience in designing and delivering business learning and development interventions.
Anna’s interest in workplace learning began during her 13 year career with Aer Lingus. During this time, Anna was involved in the design and delivery of an airline-wide induction programme and the induction and training of cabin crew.