New rules will see pension providers improve compliance

EU directive and government reform plan will see greater protection for those saving for retirement

3rd October, 2021
New rules will see pension providers improve compliance
Brendan Kennedy, pensions regulator and chief executive of the Pensions Authority: in future, the supervision of pensions by the regulator will be more intrusive, more qualitative and more demanding. Picture: Gerry Grace

Pension supervision is changing, and occupational pensions in Ireland are changing in an unprecedented way.

Triggered by the EU’s Institutions for Occupational Retirement Provision Directive (the IORP II) and the government’s roadmap for pensions reform, these changes will see a significant improvement in consumer protection for pension savers and beneficiaries.

Last year was particularly challenging, given the effects of the Covid-19 pandemic, and one of the most important activities of the...

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