IORP II2022-04-25T15:55:14+01:00

IORP II

IORP II outlines obligations and considerations for trustee and plan sponsors

IORP II, the EU Pensions Directive that was transposed to Irish regulations in 2021 sets minimum standards for the management and supervision of pension schemes in order to protect the entitlements of members and beneficiaries. It introduces a number of new obligations on Irish pension schemes. At Acuvest, our pension specialists assess the preparedness of your scheme for complying with IORP II, and other relevant legislation such as the EU (Shareholders Rights) Regulation. We then support you in addressing any identified gaps.

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ACUVEST IORP II SUPPORT

Staying Onside

Helping you understand your legislative responsibilities and ensuring they are consistently met in full.

Minimum Qualifications

Ensuring your trustee board has the minimum qualifications and meets experience standards requirements.

Key Function Holders

Guiding you in the appointment of key function holders for risk management, actuarial and internal audit.

Policies Development

Reviewing existing scheme policies and developing policies across all of your key scheme functions.

Internal Controls

Helping you develop the required internal controls, administrative and accounting procedures, and contingency plans.

Effective Communications

Helping you to identify and plan the information to be provided to all members – active, deferred and retired.

Please note that the provision of this product or service does not require licensing, authorisation or registration with the Central Bank and, as a result, it is not covered by the Central Bank’s requirements designed to protect consumers or by a statutory compensation scheme.

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