News archive

13 March 2023
Summary of Pensions Authority regulatory activity for 2022
13 March 2023: Today, the Pensions Authority publishes its summary of regulatory activity for 2022.
10 March 2023
Updated pension benefit statement projection assumptions
10 March 2023: Today, the Pensions Authority publishes updated guidance for determining assumptions used in pension benefit statements, as required under regulation 34(4) of the European Union (Occupational Pension Schemes) R...
6 March 2023
EIOPA consults on advice to the European Commission on the IORP II Directive review
6 March 2023: On Friday 3 March, the European Insurance and Occupational Pensions Authority (EIOPA) launched a public consultation on its draft technical advice to the European Commission on the upcoming review of the IORP II...
2 March 2023
Information to Irish pensions stakeholders on EIOPA research
2 March 2023: Today, the Pensions Authority is publishing information on the launch of independent research commissioned by the European Insurance and Occupational Pensions Authority (EIOPA) on the implementation of the IORP ...
23 December 2022
Information on 2022 annual compliance statement
23 December 2022: Today, the Pensions Authority publishes information on the annual compliance statement (ACS) for 2022 that is provided for under the Pensions Act, 1990 as amended (the Act).
15 December 2022
Pensions Authority publishes its Engagement and audit findings report for 2022
15 December 2022: Today, the Pensions Authority publishes its Engagement and audit findings report for 2022.
14 December 2022
Report on the 2022 European-wide stress test of occupational pension schemes
14 December 2022: The European Insurance and Occupational Pensions Authority (EIOPA) has concluded its fourth European-wide stress test of IORPs (pension schemes).
29 November 2022
Partners convicted and fined in prosecution taken by the Pensions Authority
29 November 2022: In Cork City District Court on Wednesday 27 July 2022, Judge O’Leary convicted Breifne Hanratty with an address of 42 Ardfield Road, Grange, Douglas, Co. Cork, for failing to remit employee pension contribut...
16 November 2022
Reminder to employers of 1 January 2023 compliance deadline for pension schemes
Wednesday, 16 November: Today, the Pensions Authority issued a video message reminding employers of the upcoming compliance deadline of 1 January 2023 for employer sponsored pension schemes.
3 November 2022
Information for group pension schemes on 1 January 2023 compliance deadline
3 November 2022: Today, the Pensions Authority publishes information for group pension schemes that are subject to the 1 January 2023 compliance deadline.
28 October 2022
Presentation by Brendan Kennedy, Pensions Regulator, at the IAPF Investment Conference
Friday 28 October 2022: On Tuesday 25 October, Brendan Kennedy, Pensions Regulator delivered an update on the implementation of IORP II and other investment matters at the IAPF Investment Conference.
28 October 2022
Reminder to employers of 1 January 2023 compliance deadline for pension schemes
Friday 28 October 2022: Today, the Pensions Authority reminds employers of the upcoming compliance deadline of 1 January 2023 for employer sponsored pension schemes. From that date, pension schemes will need to comply with ne...
11 October 2022
Pensions Authority publishes findings report on the 2022 scheme survey
6 October 2022
Information in relation to group schemes transferring to a master trust or PRSAs
6 October 2022: Today, the Pensions Authority publishes information for trustees in relation to trustee annual reports and audited accounts for group schemes with less than 100 active and deferred members transferring to a ma...
3 October 2022
The Pensions Authority publishes its Annual Report and Accounts 2021
Monday 3 October 2022: Today, the Pensions Authority published its Annual Report and Accounts for 2021.
29 September 2022
Information on one-member arrangement (OMA) transfers to master trusts
29 September 2022: Today, the Pensions Authority publishes information in relation to exit charges, trustee annual reports and audited accounts for OMAs migrating into a master trust.
27 September 2022
Information on key function holder appointments
27 September 2022: Today, the Pensions Authority publishes information for trustees on the appointment of a service provider to carry out more than one key function.
9 August 2022
Technical expert panel procurement
9 August 2022: The Pensions Authority is putting together a panel of subject matter experts.
3 August 2022
Pensions Authority publishes master trust compliance report
3 August 2022: Today, the Pensions Authority publishes a report on the compliance of master trusts following the 1 July 2022 compliance deadline.
29 July 2022
The Pensions Authority publishes statistics for defined benefit schemes
29 July 2022: Today, the Pensions Authority publishes a set of statistics for defined benefit (DB) schemes which have been compiled from an analysis of the most recent Annual Actuarial Data Returns (AADRs) received for releva...
28 July 2022
Pension Benefit Statement projection assumptions
28 July 2022: Today, the Pensions Authority publishes guidance for determining assumptions used in Pension Benefit Statements, as required under regulation 34(4) of the European Union (Occupational Pension Schemes) Regulation...
14 July 2022
Information on amendments to the Occupational Pension Schemes (Disclosure of Information) Regulations 2006
14 July 2022: Today, the Pensions Authority publishes information for trustees on the implementation of the audited annual report requirements provided for under the Occupational Pension Schemes (Disclosure of Information) (A...
4 July 2022
Amendments to the Trust RACs (Disclosure of Information) Regulations 2007
4 July 2022: The Trust RAC (Disclosure of Information) (Amendment) Regulations 2022 (S.I. No. 296 of 2022) (the Regulations) came into effect on 16 May 2022.
4 July 2022
Amendments to the Occupational Pension Schemes (Disclosure of Information) Regulations 2006
4 July 2022: The Occupational Pension Schemes (Disclosure of Information) (Amendment) Regulations 2022 (S.I. No. 295 of 2022) (the Regulations) came into effect on 16 May 2022.
23 June 2022
Compliance of new one-member arrangements
23 June 2022: Today, the Pensions Authority issues a further reminder to trustees of one-member arrangements (OMAs) established on or after 22 April 2021 of the imminent 1 July 2022 compliance deadline.
9 June 2022
Pensions Authority launches scheme survey
9 June 2022: Today, the Pensions Authority is launching a short survey of a selection of defined benefit and defined contribution schemes. The purpose of the survey is to assess schemes’ progress since the original survey on ...
2 June 2022
Pensions Authority publishes an information update for master trusts
2 June 2022: Today, the Pensions Authority publishes an information update for master trusts in advance of the 1 July 2022 compliance deadline.
18 May 2022
Pensions Authority information update
18 May 2022: Today the Pensions Authority has published a regulatory update
12 April 2022
Pensions Authority PRSA product amendment procedures
12 April 2022: The Pensions Authority has published procedures in relation to changes to approved PRSA products.
11 April 2022
Launch of 2022 EU-wide stress test of occupational pension schemes
11 April 2022: The European Insurance and Occupational Pensions Authority (EIOPA) launched its fourth EU-wide stress test for institutions for occupational retirement provision (IORPs) on Monday 4 April 2022, with a focus on ...
28 March 2022
OECD recommendation for the good design of defined contribution plans
28 March 2022: The OECD has adopted a OECD recommendation for the good design of Defined Contribution plans. It is intended to assist governments in designing both occupational and personal pension plans in which retirement ...
23 March 2022
IOPS advises pension supervisors on issues related to forecasting and communicating future retirement benefits
23 March 2022: The International Organisation of Pension Supervisors (IOPS) has released a set of good practices relating to pension projections
15 March 2022
Summary of Pensions Authority regulatory activity for 2021
15 March 2022: Today, the Pensions Authority publishes its summary of regulatory activity for 2021.
8 March 2022
Presentation to the Society of Actuaries in Ireland
8 March 2022: Presentation on Defined Benefit Risk Management by the Pensions Regulator, Brendan Kennedy, to the Society of Actuaries in Ireland Pensions Forum, on 24 February 2022.
7 March 2022
Statement of Strategy 2022 - 2024
7 March 2022: Today, the Pensions Authority published its Statement of Strategy 2022 – 2024.
26 January 2022
Amendments to the Trust RACs (Disclosure of Information) Regulations 2007
Wednesday 26 January 2022: The Trust RACs (Disclosure of Information) (Amendment) Regulations 2021 (S.I. No. 717 of 2021) (the Regulations) came into effect on 15 December 2021.
7 January 2022
Pensions Authority publishes occupational pension schemes fee rates for 2022
7 January 2022: Today, the Pensions Authority publishes occupational pension schemes fee rates for 2022.
20 December 2021
Company and director convicted and fined in prosecution taken by the Pensions Authority
20 December 2021: In Dublin Metropolitan District Court on Thursday 16 December 2021, Judge Halpin convicted Design I.D. (Dublin) Limited, for failing to pay employer pension contributions within the statutory timeframe pursu...
16 December 2021
Pensions Authority publishes an employer guide to defined contribution master trusts
16 December 2021: Today, the Pensions Authority publishes an employer guide to defined contribution master trusts. The guide provides information for employers on defined contribution master trusts and what they should look f...
14 December 2021
Pensions Authority publishes Engagement Programme Findings Report 2021
Tuesday 14 December 2021: Today, the Pensions Authority publishes its Engagement Programme Findings Report for 2021.
14 December 2021
Call for expression of interest to participate in OECD Long-term Investment Stakeholder Engagement Groups
14 December 2021: The OECD is seeking expressions of interest for membership in its Long-term Investment Stakeholder Engagement Groups. The OECD is creating stakeholder engagement groups to have structured and routine dialogu...
6 December 2021
Presentation to IAPF Governance Conference
Monday 6 December 2021: Presentation on the Authority’s Code of Practice by Brendan Kennedy, Pensions Regulator, to the IAPF Governance Conference on 1 December 2021.
2 December 2021
Amendment to various regulations under the Pensions Act, 1990
Thursday 2 December 2021: The Pensions Authority has published an information note on the regulations listed below. These regulations were signed by the Minister for Social Protection on 25 November 2021.
1 December 2021
Pensions Authority publishes instructions on trustee outsourcing notification obligations
1 December 2021: Today, the Pensions Authority publishes instructions for trustees on how to make a notification of the appointment of key function holders as provided for under the Pensions Act, 1990, as amended (the Act).
23 November 2021
Company convicted and fined in prosecution taken by the Pensions Authority
Tuesday 23 November 2021: In Cork City District Court on Wednesday 17 November 2021, Judge O’Leary convicted Howley Contracts Limited, for failing to remit employee pension contributions to the trustee of the Construction Wor...
18 November 2021
Pensions Authority publishes Code of Practice for trustees
Thursday 18 November 2021: 18 November 2021: Today, the Pensions Authority publishes its Code of Practice for trustees of occupational pension schemes and trust RACs.
16 November 2021
Pensions Authority publishes FAQs on investment and borrowing for one-member arrangements
Tuesday 16 November 2021: Today, the Pensions Authority publishes FAQs on investment and borrowing for one-member arrangements under the Pensions Act, 1990, as amended (the Act).
11 November 2021
Information on own-risk assessment timing and 2021 annual compliance statement
Thursday 11 November 2021: Today, the Pensions Authority publishes information for trustees on the timing of the own-risk assessment (ORA) and the form of the 2021 annual compliance statement (ACS) provided for under the Pens...
21 October 2021
Pensions Authority IT systems unavailable: October bank holiday weekend
Thursday 21 October 2021: The Pensions Authority is undertaking essential IT infrastructure upgrades over the October bank holiday weekend.
15 October 2021
Pensions Authority publishes information on outsourcing notification
15 October 2021: Today, the Pensions Authority publishes information for trustees regarding their outsourcing notification obligations provided for under the Pensions Act, 1990, as amended (the Act).
2 September 2021
Pensions Authority publishes information on the annual compliance statement
Thursday 2 September 2021: Today, the Pensions Authority publishes information for trustees on the annual compliance statement (ACS).
1 September 2021
Pensions Authority customer survey 2021
Wednesday 1 September 2021: The Pensions Authority is conducting an anonymous online customer satisfaction survey.
25 August 2021
The Pensions Authority publishes its Annual Report and Accounts 2020
Wednesday 25 August 2021: Today, the Pensions Authority published its Annual Report and Accounts for 2020.
29 July 2021
Director convicted and fined in prosecution taken by the Pensions Authority
Thursday 29 July 2021: In Waterford District Court on Monday 26 July 2021, Judge Staunton convicted Alan Kearney, director of Total Facades Limited, for failing to remit employee pension contributions to the trustee of the Co...
22 July 2021
Pensions Authority draft code of practice for trustees of occupational pension schemes and trust RACs
Thursday 22 July 2021: Today, the Pensions Authority publishes a draft code of practice for trustees of occupational pension schemes and trust RACs.
8 June 2021
The Pensions Authority publishes statistics for defined benefit schemes
Tuesday 8 June 2021: Today, the Pensions Authority publishes a set of statistics for defined benefit (DB) schemes which have been compiled from an analysis of the most recent Annual Actuarial Data Returns (AADRs) received for...
27 May 2021
The Pensions Council seeks views on gender gaps arising within supplementary pensions in Ireland
Thursday 27 May 2021: The Pensions Council is seeking views on gender gaps in supplementary pensions arising as a result of current practices within the supplementary pensions system in Ireland. The consultation document is a...
21 May 2021
Pensions Authority Fees Consultation paper
Friday 21 May 2021: The Pensions Authority has today published a consultation paper on fees paid by occupational pension schemes, trust RACs and PRSA providers.
13 May 2021
European Union (Occupational Pension Schemes) Regulations 2021
Thursday 13 May 2021: Today, the Pensions Authority publishes an information note for trustees on the European Union (Occupational Pension Schemes) Regulations 2021 (the Regulations).
28 April 2021
EU Directive (IORP II) is transposed into Irish law
Wednesday 28 April 2021: Today, the Pensions Authority welcomes the transposition of the EU Directive (IORP II) on the activities and supervision of institutions for occupational retirement provision into Irish law.
25 March 2021
Public consultation on the IOPS draft Good practices for designing, presenting and supervising pension projections
Thursday 25 March 2021: The International Organisation of Pension Supervisors (IOPS) have launched a public consultation on their draft Good practices for designing, presenting and supervising pension projections.
25 March 2021
OECD public consultation on the revised OECD Roadmap for the Good Design of Defined Contribution Retirement Savings Plans
Thursday 25 March 2021: The Organisation for Economic Cooperation and Development (OECD) and its Working Party on Private Pensions (WPPP) have updated the OECD Roadmap for the Good Design of Defined Contribution Retirement Sa...
11 March 2021
Summary of Pensions Authority regulatory activity for 2020
11 March 2021: Today, the Pensions Authority publishes its summary of regulatory activity for 2020.
17 February 2021
Pensions Authority publishes findings report on IORP II preparation survey
Wednesday 17 February 2021: In November 2020, the Pensions Authority surveyed the trustees of 100 defined contribution (DC) and 100 defined benefit (DB) schemes to assess how prepared they were for the changes that will resul...
4 February 2021
The Occupational Pension Schemes (United Kingdom Members) Regulations 2020
Thursday, 4 February 2021: The Occupational Pension Schemes (United Kingdom Members) Regulations 2020 (S.I. No. 717/2020) (the Regulations) came into effect at 11pm on 31 December 2020.
11 December 2020
Presentation to Society of Actuaries in Ireland Annual Convention
Friday 11 December 2020: At the Society of Actuaries in Ireland Annual Convention, on 8 December 2020, Brendan Kennedy, Pensions Regulator, spoke about 'Risk management for defined benefit pensions'.
9 December 2020
Defined Benefit Engagement Programme Findings Report
Wednesday 9 December 2020: The Pensions Authority publishes its ‘Defined Benefit Engagement Programme’ findings report.
30 November 2020
2020 Engagement Programme Findings on Master Trusts
Monday 30 November 2020: The Pensions Authority publishes its 2020 Engagement Programme Findings on Master Trusts.
26 November 2020
Annual pension scheme and PRSA fee information for 2021
There will be no increase in fees for occupational schemes or PRSAs in 2021.
24 November 2020
Presentation to IAPF Governance Conference
Presentation by Brendan Kennedy, Pensions Regulator, to IAPF Governance Conference.
7 October 2020
Important information for trustees of defined benefit schemes
The Pensions Authority has published new information for trustees of defined benefit schemes.
21 September 2020
Pensions Authority compliance alert: Use of parallel or additional contracts by Personal Retirement Savings Account (PRSA) providers in the operation of their PRSA products
It has come to the attention of the Authority that some PRSA providers may be operating their PRSA products in a manner which requires the contributor to enter into an additional or parallel contractual arrangement with a thi...
18 September 2020
Company and directors convicted and fined in prosecution taken by the Pensions Authority
Friday 18 September 2020: In Cork City District Court on Wednesday 16 September 2020, Judge O’Leary convicted Rice Insulations Ltd for failing to remit employee pension contributions to the trustee of the Construction Workers...
19 August 2020
Pensions Authority reminder to trustees on investment strategy implementation for schemes under funding proposals
Wednesday 19 August 2020: Pensions Authority reminder to trustees on investment strategy implementation for schemes under funding proposals
12 August 2020
The Pensions Authority publishes its Annual Report and Accounts 2019
Wednesday 12 August 2020: The Pensions Authority has published its Annual Report and Accounts for 2019.
15 July 2020
IIPM launch a new Higher Diploma in Pensions Management
The Irish Institute of Pensions Management (IIPM) have launched a new diploma in pensions management, in conjunction with Griffith College.
16 June 2020
Presentation to the Society of Actuaries in Ireland
Address by the Pensions Regulator to the Society of Actuaries in Ireland Scheme Actuaries’ Forum
2 June 2020
The Pensions Authority publishes statistics for defined benefit schemes
Today, the Pensions Authority publishes a set of statistics for defined benefit (DB) schemes which have been compiled from analysis of Annual Actuarial Data Returns (ADDRs) received to 31 March this year.
24 April 2020
Covid-19 – Update from the Pensions Authority
Friday 24 April 2020: Since our announcement on 27 March, the Pensions Authority has engaged directly with sectoral and industry representatives on the implications for pension schemes of the Covid-19 pandemic and how we migh...
20 April 2020
Company convicted and fined in prosecution taken by the Pensions Authority
Monday 20 April 2020: In Ennis District Court on Wednesday 8 April 2020, Judge Durcan convicted Deepak Fasteners (Shannon) Ltd for failing to pay employer pension contributions within the statutory timeframe pursuant to secti...
27 March 2020
Covid-19 – Announcement by the Pensions Authority
The Covid-19 crisis has created significant challenges for pensions scheme trustees, sponsoring employers and for the pensions industry. The Pensions Authority has set out below some guidelines and advice on how to deal with...
3 March 2020
Summary of Pensions Authority regulatory activity for 2019
Tuesday 3 March 2020: Today, the Pensions Authority issues its summary of regulatory activity for 2019.
12 February 2020
Pensions Authority 2020 Engagement Programme
Wednesday 12 February 2020: The Pensions Authority is adopting a forward looking risk based approach to supervision. As part of this we are undertaking an engagement programme to assess how schemes are meeting their governa...
14 January 2020
Company and directors convicted and fined in prosecution taken by the Pensions Authority
14 January 2020: In Meath District Court on Friday 10 January 2020, Judge Dunne convicted Rock Solution Options Ltd. for failing to comply with a statutory request made by the Pensions Authority pursuant to section 18 of the ...
29 November 2019
Update on EIOPA Pensions Data reporting to the Pensions Authority
Update on EIOPA Pensions Data reporting to the Pensions Authority provides an update on EIOPA Pensions Data reporting as outlined in previous alerts of 19 September 2019 and 7 September 2018.
28 November 2019
Guidance note on the European Union (Supplementary Pension Rights) Regulations 2019
The Pensions Authority have published a guidance note on the European Union (Supplementary Pension Rights) Regulations 2019 (S.I. No. 447 of 2019).
23 September 2019
FAQs on the Funding Standard Reserve
The Pensions Authority has published FAQs on the funding standard reserve requirements of the Pensions Act 1990, as amended (the Act).
19 September 2019
Update on EIOPA Pensions Data reporting to the Pensions Authority
The Pensions Authority has published an update on EIOPA Pensions Data reporting.
30 July 2019
Updated Report of suspected non-remittance and Report Guidance
The Authority has updated its guidance and report in relation to suspected non-remittance/non-payment of contributions.
25 July 2019
The Pensions Authority publishes its Annual Report and Accounts 2018
The Pensions Authority has published its Annual Report and Accounts for 2018.
3 July 2019
Amendments to Disclosure of Information Regulations by Occupational Pension Schemes
Amendments to the Disclosure Regulations in relation to information to be made available on retirement or death of a member or beneficiary of a Defined Benefit scheme
10 June 2019
Pensions Authority response to consultation on obligations for trustees of defined contribution (DC) master trusts
Monday 10 June 2019: Today, the Pensions Authority publishes it’s response to consultation on obligations for trustees of defined contribution (DC) master trusts.
28 May 2019
The Pensions Authority publishes a set of statistics for defined benefit (DB) schemes
Today, the Pensions Authority publishes a set of statistics for defined benefit (DB) schemes which have been compiled from analysis of Annual Actuarial Data Returns (AADRs) received to 31 March this year.
23 May 2019
Company convicted and fined in prosecution taken by the Pensions Authority
Thursday 23 May 2019: In Cork City District Court, on Wednesday 15 May 2019, Judge O'Leary convicted B.C.L Ventilation Limited for failing to remit employee pension contributions to the trustee of the Construction Workers Pen...
9 April 2019
Launch of 2019 EU-wide stress test of occupational pension schemes
The European Insurance and Occupational Pensions Authority (EIOPA) launched its third EU-wide occupational pensions stress test on Tuesday 2 April.
15 March 2019
Sole trader convicted and fined in prosecution taken by the Pensions Authority
Friday 15 March 2019: In Navan District Court, on Friday 22 February 2019, Alan Farrell of Beechfileds, Crossantown, Ballivor, Co. Meath was convicted for failing to comply with a statutory request made by the Pensions Author...
14 March 2019
Pensions Authority summary of regulatory activity and outputs for 2018
Thursday 14 March 2019: Today the Pensions Authority issues its summary of regulatory activity and outputs for 2018.
1 March 2019
Pensions Authority Customer Survey 2019
Friday 1 March 2019: The Pensions Authority is conducting an anonymous online customer satisfaction survey.
28 February 2019
Appointments to the Pensions Council
Thursday 28 February 2019: The Minister for Employment Affairs and Social Protection invites applications from suitably qualified candidates to fill two vacancies on the Pensions Council.
1 February 2019
The Pensions Authority is seeking to recruit a Higher Executive Officer - Software Developer
Friday 1 February 2019: The Pensions Authority is seeking to recruit a Higher Executive Officer - Software Developer