Consultation on Codes of Governance for DC Schemes
30 April 2015: Consultation on Codes of Governance for DC Schemes
News
The High Court directs the removal of Source Pensions Administration and Trustee Company Limited as trustee
Tuesday, 3 February 2015: The Pensions Authority has today obtained an Order of the High Court directing the removal of Source Pensions Administration and Trustee Company Limited as trustee of a number of occupational pension schemes. A new trustee, Trustee Principles Limited, has been appointed in its place by the same Order.
Pensions Authority ongoing investigation into the activities of Source Pensions Administration and Trustee Company Limited
Thursday 29 January 2015: The Pensions Authority confirmed that its investigation into the activities of Source Pensions Administration and Trustee Company Limited in its capacity as a trustee of a number of occupational pension schemes is ongoing.
Pensions Authority investigation into the activities of Source Pensions Administration and Trustee Company Limited
Pensions Authority investigation into the activities of Source Pensions Administration and Trustee Company Limited
Actuarial Funding Certificates (AFCs) and Funding Standard Reserve Certificates (FSRCs) can now be submitted through ISIS
Wednesday 10 December 2014: From today the Pensions Authority will only accept AFCs and FSRCs submitted by scheme actuaries electronically through ISIS.
Presentation by Brendan Kennedy, Pensions Regulator to Irish Association of Pensions Funds, Governance Conference
Thursday 27 November 2014: Pension scheme governance presentation by Brendan Kennedy, Pensions Regulator, The Pensions Authority to the Irish Association of Pensions Funds at their Governance Conference that was held in the Print Works, Dublin Castle.
Invitation – Public Consultation Forum 2014 on Financial Management Guidelines for DB schemes
The Pensions Authority is holding a Public Consultation Forum on Financial Management Guidelines for defined benefit schemes. The forum will be relevant to trustees, scheme members, providers, managers, advisers and other interested stakeholders.
Construction company directors receive two year suspended prison sentences after pleading guilty to breaches of the Pensions Act.
Friday, 1 August 2014: In Wicklow Circuit Court, sitting in Bray, on Thursday 31 July 2014, Judge Michael O’Shea convicted and imposed a two year prison sentence on the directors of S.M. Morris Limited with a registered address at Bromley, Kilpedder, Co. Wicklow for failing to remit employee pension contributions to the trustee of the Construction Workers Pension Scheme (CWPS) within the statutory time limit. Stephen Morris and Thomas Morris pleaded guilty to a number of counts on the indictment. The Judge suspended the entire sentence for a period of two years upon each director entering into a Bond.
New legal obligations for trustees engaging in derivative contracts
19 June 2014: Trustees of occupational pension schemes and trust retirement annuity contracts should be aware of various obligations which arise for counterparties to derivative contracts, under a European regulation known as EMIR.
New Format for Reporting Suspected Deduction and Non-Remittance of Pension Contributions
22 May 2014:The Pensions Authority has introduced a new format for reporting suspected deduction and non-remittance of pension and PRSA contributions.