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ARTICLE · 27 DECEMBER 2021

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Mapping A Move To Master Trusts: Pensions Authority's New Master Trust Guidance

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

William Fry advises leading Irish and international companies, covering both the public and private...

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Master trusts are a form of multi-employer pension scheme for unconnected employers. They are expected to become an increasingly popular alternative to standalone defined contribution (DC) schemes...

IrelandEmployment and HR
Ian Devlin
Ian Devlin
Ciara McLoughlin
Ciara McLoughlin
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Master trusts are a form of multi-employer pension scheme for unconnected employers. They are expected to become an increasingly popular alternative to standalone defined contribution (DC) schemes, given the increased regulatory burden and related costs for employers operating such schemes. The Pensions Authority (Authority) recently published its Code of Practice (Code) for pension trustees compliance with IORP II requirements, which we commented on here. The Code included a new chapter on specific governance requirements for master trusts (Master Code). This has now been supplemented by the Authority's guide for employers on master trusts (Guidance). Employers now have a toolkit for evaluating provider offerings if contemplating a move to a master trust in 2022. 

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