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).
The purpose of this note is to give trustees of occupational pension schemes and trust RACs an overview of the key provisions of the recently transposed Directive (EU) 2016/2341 (the IORP II Directive). The note also sets out how the Authority will oversee compliance with the Regulations including the effect of derogations and transitional periods.
The Authority recognises that trustees and their advisers need to fully understand their new obligations and the expectations of the Authority. The Authority will continue to communicate on the nature of the IORP II changes and monitor developments so as to ensure adequate information is provided to trustees and their advisers.
The information note is available under the Related File(s) section of this page.
For further information, contact:
The Pensions Authority
Tel: 01 613 1900
Note to Editors
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