Pensions Authority to review fund rules after British debacle

The regulator says the recent panic in Britain has left Irish pension funds ‘unscathed’, but he will nonetheless ‘be looking at what lessons could be learned’

Brendan Kennedy, Pensions Regulator a the Pensions Authority: ‘Anytime something happens, we as the regulator, and other regulators, look at what lessons could be learned’. Picture: Maura Hickey

The Pensions Authority is to review the regulatory regime for pension funds in Ireland following a near meltdown in the British system which forced the Bank of England into a £65 billion rescue programme last week.

The bank moved on Wednesday to avoid a crisis in British pension funds by launching a multibillion-euro bond buying programme after it warned of a “material risk” to financial stability in the UK caused by the British government’s recent ...