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.

The regulations:

• make amendments to existing regulations under the Pensions Act 1990, as amended (the Act), in relation to disclosure, scheme registration, trustee investment qualifications, funding standard, cross-border requirements, and bulk transfers; and
• revoke and replace the existing investment-related regulations under the Act.

An information note is available under the Related File(s) section of this page. The purpose of the information note is to give an overview of the main changes introduced. Some of these changes are consequential to the transposition of Directive (EU) 2016/2341 (the IORP II Directive).

A list of, and links to, the new regulations can be found below.

Disclosure amending regulations

• Occupational Pension Schemes (Disclosure of Information) (Amendment) Regulations 2021 (S.I. No. 637 of 2021)

Investment regulations

• Occupational Pension Schemes (Investment) Regulations 2021 (S.I. No. 636 of 2021)
• Trust RACs (Investment) Regulations 2021 (S.I. No. 634 of 2021)

Registration amending regulations

• Occupational Pension Schemes (Registration) (Amendment) Regulations 2021 (S.I. No. 628 of 2021)
• Trust RACs (Registration) (Amendment) Regulations 2021 (S.I. No. 629 of 2021)

Trustee investment qualifications amending regulations

• Occupational Pension Schemes (Trustee) (Amendment) Regulations 2021 (S.I. No. 626 of 2021)
• Trust RACs (Trustee) (Amendment) Regulations 2021 (S.I. No. 627 of 2021)

Funding standard amending regulations

• Occupational Pension Schemes (Funding Standard) (Amendment) Regulations 2021 (S.I. No. 635 of 2021)
• Occupational Pension Schemes (Funding Standard Reserve) (Amendment) Regulations 2021 (S.I. No. 631 of 2021)

Cross-border amending regulations

• Occupational Pension Schemes (Cross-Border) (Amendment) Regulations 2021 (S.I. No. 632 of 2021)
• Trust RACs (Cross-Border) (Amendment) Regulations 2021 (S.I. No. 633 of 2021)

Bulk transfer amending regulations

• Occupational Pension Schemes (Duties of Trustees in Connection with Bulk Transfer) (Amendment) Regulations 2021 (S.I. No. 630 of 2021)

For further information, contact:

Technical Unit

The Pensions Authority

Tel: 01 613 1900

info@pensionsauthority.ie

Note to Editors

The Pensions Authority

The Pensions Authority is the statutory body that supervises compliance with the requirements of the Pensions Act, 1990, as amended, by trustees of occupational pension schemes and trust RACs, PRSA providers, registered administrators and employers. The Pensions Authority also provides guidance and information to these stakeholders on their duties and responsibilities and advises the Minister for Social Protection on pension matters. See www.pensionsauthority.ie