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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
22 June 2023 Pensions Council request for proposals 22 June 2023: The Pensions Council has published a request for proposals from interested parties to assess the technical feasibility of an alternative Auto Enrolment Proposal.
10 March 2023 Updated pension benefit statement projection assumptions 10 March 2023: Today, the Pensions Authority publishes updated guidance for determining assumptions used in pension benefit statements, as required under regulation 34(4) of the European Union (Occupational Pension Schemes) Regulations 2021.
2 March 2023 Information to Irish pensions stakeholders on EIOPA research 2 March 2023: Today, the Pensions Authority is publishing information on the launch of independent research commissioned by the European Insurance and Occupational Pensions Authority (EIOPA) on the implementation of the IORP II Directive in Ireland.
23 December 2022 Information on 2022 annual compliance statement 23 December 2022: Today, the Pensions Authority publishes information on the annual compliance statement (ACS) for 2022 that is provided for under the Pensions Act, 1990 as amended (the Act).
28 October 2022 Reminder to employers of 1 January 2023 compliance deadline for pension schemes Friday 28 October 2022: Today, the Pensions Authority reminds employers of the upcoming compliance deadline of 1 January 2023 for employer sponsored pension schemes. From that date, pension schemes will need to comply with new higher standards arising from the Institutions for Occupational Retirement Provision II EU Directive (the IORP II Directive).
28 July 2022 Pension Benefit Statement projection assumptions 28 July 2022: Today, the Pensions Authority publishes guidance for determining assumptions used in Pension Benefit Statements, as required under regulation 34(4) of the European Union (Occupational Pension Schemes) Regulations 2021.
23 June 2022 Compliance of new one-member arrangements 23 June 2022: Today, the Pensions Authority issues a further reminder to trustees of one-member arrangements (OMAs) established on or after 22 April 2021 of the imminent 1 July 2022 compliance deadline.
9 June 2022 Pensions Authority launches scheme survey 9 June 2022: Today, the Pensions Authority is launching a short survey of a selection of defined benefit and defined contribution schemes. The purpose of the survey is to assess schemes’ progress since the original survey on IORP II preparedness, which was conducted in 2020
11 April 2022 Launch of 2022 EU-wide stress test of occupational pension schemes Monday 11 April 2022: The European Insurance and Occupational Pensions Authority (EIOPA) launched its fourth EU-wide stress test for institutions for occupational retirement provision (IORPs) on Monday 4 April 2022, with a focus on testing the resilience of EU IORPs against a climate change scenario.
28 March 2022 OECD recommendation for the good design of defined contribution plans The OECD has adopted a OECD recommendation for the good design of Defined Contribution plans.
It is intended to assist governments in designing both occupational and personal pension plans in which retirement income depends on contributions paid, investment returns, and the way assets are paid out over retirement (defined contribution pension plans).
The Recommendation incorporates the revised 2012 OECD Roadmap for the Good Design of Defined Contribution Pension Plans which has been updated to include insights acquired over the past few years.
Full details can be found here
26 January 2022 Amendments to the Trust RACs (Disclosure of Information) Regulations 2007 Wednesday 26 January 2022: The Trust RACs (Disclosure of Information) (Amendment) Regulations 2021 (S.I. No. 717 of 2021) (the Regulations) came into effect on 15 December 2021. The Regulations amend the existing Trust RACs (Disclosure of Information) Regulations 2007 (S.I. No. 182 of 2007). Some of these changes are consequential to the transposition of Directive (EU) 2016/2341 (the IORP II Directive).
14 December 2021 Call for expression of interest to participate in OECD Long-term Investment Stakeholder Engagement Groups 14 December 2021: The OECD is seeking expressions of interest for membership in its Long-term Investment Stakeholder Engagement Groups. The OECD is creating stakeholder engagement groups to have structured and routine dialogues with each stakeholder group, and to call on their expertise to ensure the policy work being developed regarding long-term and infrastructure investing responds to the real-world developments in the sector.
15 September 2021 Assistant Principal Officer – Programme Management Office (PMO) Wednesday 15 September 2021: The Pensions Authority is seeking to recruit an experienced project manager, at Assistant Principal Officer grade, with a good working knowledge of change management and at least one year’s experience of working in a Programme Management Office (PMO) environment.
21 May 2021 Business Intelligence developer opportunities (HEO) Friday 21 May 2021: The Pensions Authority is seeking to recruit Business Intelligence developers at Higher Executive Officer grade, to join a small new Data Management Team in the IT and Data Unit.
20 May 2021 Pensions Authority Fees Consultation paper Friday 21 May 2021: The Pensions Authority has today published a consultation paper on fees paid by occupational pension schemes, trust RACs and PRSA providers.
28 April 2021 EU Directive (IORP II) is transposed into Irish law Wednesday 28 April 2021: Today, the Pensions Authority welcomes the transposition of the EU Directive (IORP II) on the activities and supervision of institutions for occupational retirement provision into Irish law.
17 February 2021 Pensions Authority publishes findings report on IORP II preparation survey Wednesday 17 February 2021: In November 2020, the Pensions Authority surveyed the trustees of 100 defined contribution (DC) and 100 defined benefit (DB) schemes to assess how prepared they were for the changes that will result from the IORP II Directive (the Directive). Schemes of varying sizes, with a mix of trustee profiles were chosen randomly from the register of occupational pension schemes. The completion of the survey was requested on a voluntary basis.
20 August 2020 Data Analysts – Information Technology and Data The Pensions Authority is seeking to recruit a Data Analyst (Higher Executive Officer) and a Data Analyst (Executive Officer) to join a small team of data analysts in the Information Technology and Data Unit.
12 February 2020 Pensions Authority 2020 Engagement Programme Wednesday 12 February 2020: The Pensions Authority is adopting a forward looking risk based approach to supervision. As part of this we are undertaking an engagement programme to assess how schemes are meeting their governance and risk obligations.
12 December 2019 EO Data Analyst Thursday 12 December 2019: The Pensions Authority is seeking to recruit a Data Analyst (Executive Officer) to join the Regulatory Intelligence Unit (RIU) of the Pensions Authority. This is a permanent post.
10 December 2019 HEO Analyst and Team Lead The Pensions Authority is seeking to recruit a Higher Executive Officer - Analyst and Team Lead. This is a permanent post.
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