Master Trust is top option with new pension rules, says expert

Employers and trustees must choose either ‘own trust’ model or transition to a Master Trust to manage new IORP II requirements

Mairéad O’Mahony, head of wealth solutions, Aon Ireland.

Employers and trustees have less than four months to comply with IORP II pensions rules, warns Mairéad O’Mahony, head of wealth solutions at Aon Ireland.

The rules were signed into law in April 2021, with employers to fully comply by end of December. Key changes include how pension schemes are governed, how they manage risk and how the Pensions Authority will supervise the market.