Dr. Laura Bambrick:

We did not touch on the income limits. It has been proposed that those earning under €20,000, that is, in and around a full-time minimum wage, would not be automatically included. It is a bit like the lower age limit, which is very high by international standards. In the UK, those earning less than £10,000 are not automatically included. We are looking at twice as high. In Australia it is around $3,500, so apart from those doing a few weeks' work over the year, everybody is automatically included. That needs to be looked at.

We have talked about many of the negatives, but across the water in the UK they are ten years further down the road than us and the evidence coming from that is hugely impressive. Pension coverage has jumped from 47% before auto-enrolment was introduced to 80% now. For the lowest paid workers, those in hospitality, their coverage has jumped from 5% to 51%. If we get this right, it could be very successful and beneficial to workers, ensuring they have a decent standard of living in their later years.

There are a lot of reasons to be hopeful as well.