This Working Life

Decision time for employers on pension scheme solution

Many businesses have still not made important decisions on the future operation of their pension schemes even as the January deadline for compliance with the IORP ll deadline looms

The purpose of the IORP II directive is to make pension schemes more efficient and accountable. Picture: Getty

John Kearney is the director of corporate business development at Provest Pension Consultants

The Irish pension landscape will continue to be transformed over the next six months, as employers and trustee boards attempt to achieve full compliance with the IORP II directive before the deadline of January 1, 2023.

April’s transposition of the institutions for occupational retirement provision directive –to use its full name – into Irish law was the most significant change to pensions ...