Wednesday June 3, 2020

High standards needed in pension schemes

The EU’s new IORPs II directive will be brought into law in Ireland by January 2019 and it will bring stricter obligations for those in charge of pension schemes

8th October, 2017
2
Brendan Kennedy, pensions regulator

Trustees and the pensions industry have the important responsibility of looking after other people’s money in a pension scheme or PRSA.

Members of pension schemes and PRSA contributors trust their contributions are made by their employers in the expectation that these savings will be secure, and sensibly invested during their working lifetime and will contribute to improving their standard of living in retirement.

“These are reasonable expectations and it’s our job to ensure...

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