ARTICLE · 13 APRIL 2016

Pensions Update, March 2016

Arthur Cox

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The Pensions Authority will be focusing on underfunded DB schemes and on a programme of compliance activity.

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KEY POINTS

For DB trustees: The Pensions Authority will be focusing on underfunded DB schemes and on a programme of compliance activity.

For DC trustees: It would be prudent for DC trustees to carry out an audit against the first three Codes of Governance and to develop a risk register where one is not already in place and to consider how it will be maintained and developed.

1. PENSIONS AUTHORITY – 2016-2020 OBJECTIVES

The Pensions Authority (the "Authority") has published its strategy for 2016-2020. The strategic objectives of the Authority for the period are:

to monitor and supervise occupational pension schemes and PRSAs to ensure they continue to be, or will be, well managed by competent trustees, providers and administrators;

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