News Archive

  • 18 November 2005
    Position of UK/Ireland schemes under the EU IORPS Directive Notice
    Friday 18 November 2005: This note should be read in conjunction with the previous note which appeared on our website on 31 August 2005 and which can be viewed below.
  • 12 August 2005
    Position of UK/Ireland schemes under the EU IORPS Directive
    Friday 12 August 2005:For purposes of Irish regulation, a UK/Ireland scheme is a scheme registered in Ireland which has members in the UK. Formerly, employers based in Ireland were permitted to have their UK based employees (whether working in a UK subsidiary or in a UK branch) included as members of the Irish registered pension scheme rather than requiring a separate UK scheme to be established for such individuals. Reciprocal provisions applied in the case of UK employers with employees in Ireland. Since 1994, no new UK/Ireland schemes could be established. However, UK/Ireland schemes in existence prior to that date may continue to operate and accept new members. Currently these schemes are regulated, for Irish purposes, under Occupational Pension Schemes (Schemes with External Members) (United Kingdom) Regulations 2000, S.I. No.470 of 2000.
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