PRSA Compliance Strategy

Monday 29 August 2005: At its meeting on 5 September 2003 the Pensions Board agreed a PRSA Compliance Strategy. The Strategy outlines the Board’s approach towards monitoring compliance and emphasises the fact that any breach of the requirements of the Pensions Act, 1990, as amended, ("the Act"), may be considered an offence for which, inter alia, the PRSA provider and/or employer may be prosecuted or may lead to consideration by the Board of the suspension or withdrawal of approval of the PRSA product.