Information on functions and services provided
Supervision and enforcement
The Pensions Authority (the Authority) monitors and supervises compliance with the requirements of the Pensions Act, 1990, as amended, by trustees of occupational pension schemes, personal retirement savings accounts (PRSA) providers, registered administrators and employers.
The Authority applies a forward-looking, risk-based approach to its supervision. It undertakes proactive supervisory work by conducting investigations, on and off-site inspections, engagement meetings, thematic reviews and desk-based audits. In addition, the Authority supervises reactively in response to specific events and/or whistle-blow reports and initiates enforcement action where appropriate. The Authority is also responsible for processing regulatory applications and submissions from pensions scheme trustees, registered administrators and PRSA providers.
The Authority has produced a number of pensions related publications including.
- Checklists and guides
- Code of Practice for trustees
- Defined benefit financial risk measure tool
- FAQs on pensions
- Glossary of pension terms
- Trustee Handbook
- Trustee qualifications requirements and list of relevant courses
- Trustee training requirements and a register of trustee trainers
- Statutory guidance
These are available online under the Trustee’s/Registered Administrator’s section of the Authority website.
Trustees are tasked with a very important job, essentially to look after other people’s money in a pension scheme. Trustees are vital to the pension system which includes an estimated €130 billion of pension savings. Trustees need to have a certain level of knowledge of the pension system and should be aware of their duties and responsibilities.
The Authority is committed to supporting trustees in their challenging role and to assist them in complying with their responsibilities and duties as trustees. In addition to the training the Authority offers guidance to trustees and provides a wide range of resources including:
- Trustee Handbook
- Guidance and FAQs on changes in legislation or to regulations
- A range of pension guides and checklists
- A list of registered trustee training courses
- An enquiry service on 01-6131900 or at firstname.lastname@example.org
Pensions Data Register (PDR)
The Pensions Data Register (PDR) is an on-line services portal, operated by the Authority, designed to allow registered users (entities and individuals) to monitor the occupational pension schemes and trust RACs for which they act for and to file forms and pay fees online on their behalf.
If you require further information, or have any queries, please use the Contact Us facility.