The IORP II Directive has not yet been transposed into Irish law, despite the passing of the deadline, Sunday, 13th January 2019. The Department of Employment Affairs and Social Protection have indicated in response to an inquiry from the IAPF, that the Department, supported by the Pensions Authority, is working towards the transposition during
The IAPF Annual Governance Conference 2018 was held today (29th November) at the Printworks Conference Center Dublin Castle. Addressing the conference, Vincent Boyle, Chief Executive at APT Workplace Pensions Limited outlined how Master Trusts will serve as a real alternative to pension schemes who do now want to "stretch" to the new more onerous
The 7th Annual Irish Pensions Awards 2018 were held in the Shelbourne Hotel, Dublin, last night. Organised by European Pensions, the awards recognise pension fund providers who have proved their excellence and dedication to maintaining high standards in the Irish pensions industry. APT Workplace Pensions were nominated in the following three categories, Irish Pension
Our client was an employee of a Midlands based company who was approaching retirement with an accumulated pension pot of €340,000. The Issue Like many people facing retirement he was keen to make the right decision in relation to the options which were available to him. The Options Our client
Our client is a long established nationwide organisation. The plan had been in place for many years and the assets had grown to €100m. The trustees had reviewed their investments regularly but were somewhat uncomfortable with the default investment strategy in place for the plan The Issues The Trustees had adopted a
Our client is a UK packaging group, who had acquired several businesses in Ireland over a number of years. Various defined contribution plans were in place in each business, offering different benefit and charging structures, handled by a variety of insurance companies and consultant providers. The Issues The client faced a number
We are now living in the post GDPR world and many trustees are assessing how life has changed since May 25th, 2018. The issue of data retention has become clearer for pension trusts - decide on an “end date” sufficiently far into the future to cover yourself. Other issues are less clear - the
If the experience of our UK neighbours is anything to go by, we should expect Master Trusts to emerge as the favoured means for defined contribution pension savings. An easy and efficient enrolment process will make Master Trusts a viable solution for the forthcoming auto-enrolment. The Pensions Authority has published a consultation paper on
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Reports on the cost for the Exchequer of tax relief on pensions are either misunderstood or disingenuous. Experts in the Department of Finance claim that an additional €2.1bn could be collected by Revenue if we abolished tax relief on pensions. Obviously, if one is looking at pension reform, which the Government currently is, what
