The European Pensions Directive IORP II is due to become law in Ireland on or before January 13. Traditionally, employers establishing pension schemes have done so through life companies or pension consultancies. As pension schemes are set up under trust, this involves appointing trustees.
Typically, employees or directors of the employer are installed as trustees on a voluntary basis. These trustees usually outsource the administration, investment and any other related services to the provider who assisted...
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