The Pensions Authority publishes synopsis of responses to the consultation on financial management guidelines for defined benefit schemes

Tuesday 11 November 2014: Today, The Pensions Authority published a synopsis of the main points made in submissions it received in response to its consultation paper on financial management guidelines for defined benefit schemes.

The Pensions Authority published a consultation paper on financial management guidelines for defined benefit schemes on 23 July 2014. The proposed guidelines set out what practices the Authority expects trustees to follow in order to understand and manage the funding and investment of their defined benefit scheme. The consultation paper set out specific questions on all aspects of the proposed guidelines and sought responses by 30 September 2014 from trustees, providers, managers, advisers and other interested stakeholders.

Commenting on the consultation process, the Pensions Regulator, Brendan Kennedy said: “Detailed consideration will be given to all the points made in the submissions to further inform the Authority’s views before the final version of the financial management guidelines are published.”

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For further information, contact:

David Malone
Head of Operations and Communications
The Pensions Authority
Tel: (01) 613 1900

Note to Editors
The Pensions Authority is the statutory body established by the Pensions Act, 1990 to regulate occupational pension schemes, trust based RACs and Personal Retirement Savings Accounts (PRSAs). www.pensionsauthority.ie