Tony McCormack (Offaly, Fianna Fail)

This is a significant reform. I acknowledge the work that the Minister and his Department have undertaken in developing My Future Fund. It represents a real step forward in helping workers to plan and save for their retirement. However, as with any major change, the real test will be how it is rolled out. We have had well-intentioned schemes in the past that began strongly but then faded from view, leaving uncertainty around what was required and how to comply. I know the Minister is conscious of that. Clear, consistent communication will be key. Employers need straightforward forward guidance, plain-language information and ongoing support as the system beds in. If My Future Fund remains simple, practical and easy to follow from the start, it will stand the test of time and deliver real value for both employees and those administering it on the ground.

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