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2 January 2024 Change to the calculation of fees for occupational pension schemes 2 January 2024: Today, the Pensions Authority publishes a change to the calculation of fees for occupational pension schemes with 20 or more participating employers. The Minister for Social Protection, with the consent of the Minister for Public Expenditure, National Development Plan Delivery and Reform, has approved a revised definition of ‘active member’ for the … Continued
18 December 2023 Pensions Authority publishes its engagement and audit findings report for 2023 18 December 2023: Today, the Pensions Authority publishes its engagement and audit findings report for 2023. The purpose of the report is to share observations on the key findings identified during the Authority’s engagement and audit activity in 2023. Engagements included face-to-face meetings with defined contribution (DC) master trusts (MTs) and large defined benefit (DB) schemes. … Continued
6 December 2023 Information on supervisory review process 6 December 2023: Today, the Pensions Authority publishes information on the supervisory review process (SRP) provided for under the Pensions Act, following the transposition of the IORP II Directive. Supervisory review process Section 26J of the Pensions Act requires the Authority to conduct SRPs in relation to the strategies, processes and reporting procedures established by … Continued
30 November 2023 Information on the 2023 annual compliance statement 30 November 2023: Today, the Pensions Authority publishes information on the annual compliance statement (ACS) for 2023 that is provided for under the Pensions Act. Annual compliance statement requirement Section 26T of the Pensions Act requires trustees to prepare an ACS not later than 31 January each year for the preceding year for the purposes of … Continued
31 October 2023 The Pensions Authority publishes statistics for funded defined benefit schemes 31 October 2023: Today, the Pensions Authority publishes its annual defined benefit scheme statistics. These statistics are compiled from the annual actuarial data returns (AADRs) submitted to the Authority. This year’s publication is presented in a time series format and includes statistics for previous years based on data from AADR submissions with effective dates up … Continued
25 October 2023 Pensions Authority Risk Conference 2023 25 October 2023: On Wednesday 11 October, the Pensions Authority held its Risk Conference at The Marker Hotel in Dublin. The theme of the conference was risk management for pension schemes and the related increased obligations on trustees from the transposition of the IORP II directive into Irish law. The speakers and the titles of their … Continued
11 October 2023 Own-risk assessment guidance for trustees 11 October 2023: Today, the Pensions Authority publishes its guidance for trustees on the own-risk assessment (ORA), as required under section 64AL of the Pensions Act. Except for one-member arrangements established before 22 April 2021, the latest date by which a pension scheme’s first ORA can be completed is 22 April 2024. This guidance is … Continued
4 October 2023 Pensions Authority Risk Conference 2023 update 4 October 2023: Today, the Pensions Authority announces further details of its upcoming Risk Conference on 11 October 2023 at The Marker Hotel in Dublin. The Authority is pleased to report that the conference has reached capacity due to the high level of interest shown in it. It has now been decided to record the … Continued
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