Organisational structure

The Pensions Authority is a statutory body set up under the Pensions Act, 1990.

The Authority:

  • supervises compliance with the requirements of the Pensions Act by trustees of occupational pension schemes and Trust RACs, Personal Retirement Savings Accounts (PRSA) providers, Registered Administrators (RAs) and employers
  • investigates suspected breaches of the Pensions Act
  • conducts on-site inspections and compliance audits
  • instigates prosecutions and other sanctions where breaches of the Pensions Act are found to have occurred
  • provides policy advice and technical support to the work of the Minister and Department of Social Protection
  • provides relevant information and guidance to the public and those involved with pensions
  • deals with enquiries received from scheme members, trustees, employers, the pensions industry, the general public and the media

The Authority is structured as follows:

organisation-structure

Pensions Regulator

  • the Pensions Regulator is the chief executive officer of the Pensions Authority.

Compliance - are responsible for:

  • supervision and enforcement activities designed to ensure compliance with the requirements of the Pensions Act
  • conducting compliance audits and on-site inspections
  • investigating suspected breaches of the Pensions Act
  • instigating sanctions where appropriate.

Funding and Actuarial Services - are responsible for:

  • oversight of defined benefit scheme funding
  • processing of defined benefit scheme funding and related proposals
  • overseeing the reliability of data, in respect of defined benefit schemes, submitted to the Authority through its interactive data management system
  • the oversight of cross-border scheme requirements.

Regulatory Intelligence – are responsible for:

  • analysis of regulatory data submitted to the Authority
  • raising data reporting compliance standards and reporting integrity
  • collating available data and information and supporting the wider compliance effort.

Operations and Communications - are responsible for:

  • dealing with all initial enquiries from scheme members, trustees, employers, the pensions industry, the general public and the media
  • all routine interaction with the public through the provision of the Authority's information, guidance and communications services
  • overseeing the reliability of all data submitted to the Authority through its interactive data management system
  • managing all the Authority's ICT requirements.

Policy - are responsible for:

  • formulating policy advice on the development and regulation of pensions and related issues through research, consultation and the preparation of working papers
  • providing advice and technical support to the work of the Minister and Department of Social Protection
  • contributing to and participating in EU and international pension policy issues.

Legal - are responsible for:

  • providing legal advice and support services to the Authority
  • prosecuting summary offences under the Pensions Act
  • providing technical legislative support to the Department of Social Protection
  • providing secretariat services to the board of the Authority.

Corporate Services - are responsible for:

  • overseeing corporate governance
  • human resources, risk management, procurement, facilities management and budgeting
  • preparing statutory accounts and ensuring effective financial management and controls for the Authority.