Almost 60% of Irish workers feel they're not on track for a reasonable standard of living in retirement, a new survey shows.
Those aged between 60 and 69 were most unsure about their ability to retire comfortably.
The research carried out by BlackRock reveals that 81% of respondents believe pensions are the most important and effective way to prepare for retirement.
Those with a workplace Defined Contribution pension were less concerned than those without a DC pension.
Meanwhile, over 80% of those surveyed were not aware of the pension auto-enrolment scheme being introduced later this year.
The Government's new scheme will begin on 30 September 2025.
It will mean that 800,000 workers will be automatically added into a private pension scheme, in addition to their State pension.
"The 2025 Ireland Read on Retirement survey highlights the importance of pensions in securing a comfortable retirement," said Tim Hodgson, Head, UK & Ireland DC Platforms and Retirement Solutions at BlackRock.
"As we approach the introduction of auto enrolment in the Republic of Ireland, it is crucial that we address the gaps in awareness and understanding to ensure that all workers can benefit from this pivotal step forward," he added.
According to BlackRock, today's survey results for Ireland reflect an international trend of poor retirement readiness.
"Irish workers face similar challenges to those encountered by retirement savers around the world," Mr Hodgson said.
"This research fundamentally illustrates the need for greater awareness and to focus on retirement saving and financial planning.
"The introduction of auto enrolment later this year is a once-in-a-generation opportunity to help individuals set themselves up for a comfortable retirement," he added.
