1. IORP II (DIRECTIVE (EU) 2016/2341) ("IORP II" OR
"DIRECTIVE")
IORP II is the name given to a revised EU pensions directive
which will affect certain Irish pension schemes falling within the
definition of an institution for occupational retirement provisions
(IORP). These schemes are, broadly, funded employer sponsored
pension schemes established separately from the employer. Most
Irish group pension schemes fall within the definition of IORP,
however, Member States may exclude schemes with less than 100
members from many of the Directive's provisions and many of its
requirements are to be implemented in a manner which is
proportionate to the size, nature, scale and complexity of activity
of a scheme.
