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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.
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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
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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.
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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