Actuary joins the Pensions Board

Friday 24 August 2007: Actuary Pat O’Sullivan has been appointed to The Pensions Board, it was announced today. Pat joins the Technical Services & Research Unit in the Board and takes up his position with immediate effect.

Mr. Brendan Kennedy, CEO of The Pensions Board, endorsed Mr O’Sullivan’s appointment. “Pat has an established actuarial track-record and broad experience of the financial services industry. These strong credentials and his comprehensive understanding of the pensions sector will allow him to make a significant contribution to our work at The Pensions Board in the years ahead.”

Pat O’Sullivan has over twenty years experience in the private sector financial services industry, having worked in life insurance and more recently in pensions consultancy. A Fellow of the Institute of Actuaries and a Fellow and former council member of the Society of Actuaries in Ireland, Pat has acted as Scheme Actuary to many private and public sector pension schemes.

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For further information please contact:

David Malone
The Pensions Board
Tel: (01) 6131900

Glen McGahern
Q4 Public Relations
Tel: (01) 4751444 / 086-1940057

Editor’s Note:

The Pensions Board
The Pensions Board is the statutory body set up to regulate occupational pension schemes and Personal Retirement Savings accounts (PRSAs) and to advise the Minister for Social and Family Affairs, and through him, the Government, on overall pension policy development. See www.pensionsboard.ie

Technical Services & Research Unit, Legal and Actuarial
This Unit deals with technical, legal, actuarial and policy-related matters arising within the Board’s overall remit.

The main responsibilities of the Unit include the:

preparation of papers on policy matters in relation to the Pensions Act,1990(as amended) “the Act” and pension matters generally;
preparation of guidance notes on various provisions of the Act;
processing of requests for information on specific provisions of the Act;
processing of requests for determinations in relation to various provisions of the Act;
preparation of papers on legislative matters in relation to the Act and pension matters generally;
provision of general and specialist legal advice to support the Board in its statutory functions;
taking of prosecutions on behalf of the Board;
management of the Board’s panel of external advisers;
provision of actuarial advice and support to the Board on policy and regulatory matters;
representation of the Board with external parties as appropriate.