Engagement and audit report findings

The purpose of the report is to share observations on the key findings identified during the Authority’s 2024 supervisory activities, which included the introduction of the supervisory review process (SRP) for a number of multi-employer master trusts (MTs) and defined benefit (DB) and defined contribution (DC) schemes, ongoing engagement with all MTs and a number of larger DB and DC schemes, compliance audits for DB, DC schemes and PRSA providers and RA and trustee on-site inspections. While the details of the findings set out in this report are not exhaustive, the Authority expects all trustee boards and their advisers to consider these findings and evaluate their own practices to establish if any improvements are required.

The report is available under Related File(s) below: