The Pensions Board publishes investment guidelines for trustees of defined contribution pension schemes

21 January 2013: The Pensions Board today published investment guidelines for trustees of defined contribution pension schemes. These guidelines aim to help trustees in deciding which investment choices to make available for scheme members.

Commenting on the guidelines, the Chief Executive of The Pensions Board, Brendan Kennedy said “The ongoing shift from defined benefit to defined contribution pensions means that increasing numbers of pension scheme members will rely on defined contribution arrangements to provide their retirement benefits in the future. It is very important that the investment choices available through these schemes are appropriate and well designed and that members have a clear sense of the risks they face. Deciding on investment choices to be made available to scheme members is one of the most important responsibilities that trustees exercise in overseeing pension schemes and these guidelines will assist in this regard.

The Investment Guidelines are available at www.pensionsboard.ie

-Ends-

For further information, please contact:

David Malone
Tel:(01) 613 1900/087 6857743
Head of Operations
The Pensions Board

Notes:

The Pensions Board

The Pensions Board is the statutory body established by The Pensions Act 1990 to regulate occupational pension schemes, trust based RACs and Personal Retirement Savings Accounts (PRSAs) and to advise the Minister for Social Protection on overall pension policy development. See www.pensionsboard.ie