Era of change for occupational pensions schemes

SPONSORED: Communication on new obligations and the expectations for trustees and their advisers will be a key part of the Pensions Authority’s work in the coming years, says Pensions Regulator, Brendan Kennedy

Ireland's Pensions Regulator, Brendan Kennedy.

The Pensions Regulator, Brendan Kennedy, in a recent statement published on its website to accompany Authority’s Annual Report set out its views on the transposition of the IORP II Directive and how pension scheme supervision is changing.

The IORP II Directive sets common standards ensuring the soundness of occupational pensions and better protects pension scheme members and beneficiaries. The Directive provides for EU wide pension scheme standards including an effective system of governance, covering areas such as;