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Scheme funding & restructuring

DC schemes, personal pensions and PRSAs

Defined contribution pension schemes are set up under trust and the trustees are responsible for safe-guarding the assets. Personal pensions and PRSAs are provided by regulated financial institutions.

In DC schemes, personal pensions and PRSAs, there is a direct relationship between the assets of the pension fund and the benefits payable to members.

If, for example, you have a pension fund worth €50,000, the DC trustees, life assurance company or PRSA provider will be holding €50,000 in assets to support your fund.