Organisational structure

The Pensions Authority is a statutory body set up under the Pensions Act, 1990, as amended (the Act).

The Authority:

  • supervises compliance with the requirements of the Act, by trustees of occupational pension schemes and trust RACs, Personal Retirement Savings Accounts (PRSA) providers, Registered Administrators (RAs) and employers
  • investigates suspected breaches of the Act
  • conducts on-site inspections and compliance audits
  • instigates prosecutions and other sanctions where breaches of the Act are found to have occurred
  • provides policy advice and technical support to the work of the Minister and Department of Social Protection
  • provides relevant information and guidance to the public and those involved with pensions
  • deals with enquiries received from scheme members, trustees, employers, the pensions industry, the general public and the media. 

The Authority is organised as follows:

Pensions Regulator

The Pensions Regulator is the chief executive officer of the Pensions Authority.

Supervision and Enforcement – are responsible for:

  • investigating suspected breaches of the Act and instigating sanctions where appropriate
  • supervision and enforcement activities including on-site inspections and compliance audits designed to ensure compliance with the requirements of the Act
  • oversight and processing of defined benefit scheme funding and related recovery plans
  • registering and approving PRSA products
  • approving and renewing Registered Administrators
  • granting approval for cross-border schemes.

Technical – are responsible for:

  • providing technical support and advice to the Authority
  • dealing with all initial information enquiries from scheme members, trustees, employers, the pensions industry and the general public
  • the content of all published guidance, whether advisory or mandatory
  • contributing to and participating in EU and international pension policy issues.

Policy – are responsible for:

  • designing and implementing the changes needed to give effect to the IORP II Directive and the Authority’s proposed pension reforms
  • drafting governance and management standards for pension schemes
  • the development of Authority processes for the ongoing oversight of regulated entities
  • formulating policy advice on the development and regulation of pensions and related issues through research, consultation and preparation of working papers.

Legal – are responsible for:

  • providing legal advice and support services to the Authority
  • prosecuting summary offences and taking other legal sanctions under the Act
  • providing secretariat services to the board of the Authority.

Data – are responsible for:

  • analysis of data submitted to the Authority from regulated entities
  • collating available data and information
  • dealing with data queries from regulated entities.

IT – are responsible for:

  • the hardware and software infrastructure that the Authority needs to carry out its work
  • the development and maintenance of the Authority’s software which is used for the supervision of pensions schemes. 

Programme Management Office (PMO) – are responsible for:

  • overseeing a strategic roadmap of projects for the implementation of IORP II and aspects of the Government’s pension simplification and reform agenda
  • developing project and change management capability as a core organisational competence
  • ensuring a standard and consistent methodology is used to plan and execute projects.

Operations – are responsible for:

  • communications and delivering the Authority’s information to scheme members, trustees, employers, the pensions industry, the general public and the media
  • budgeting, financial management and controls
  • human resources, risk management, procurement and facilities management
  • overseeing corporate governance and associated policies and processes.