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ARTICLE · 16 MAY 2016

Pensions Update: Navigating Pensions Governance

Mason Hayes & Curran LLP
Mason Hayes & Curran LLP
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Mason Hayes & Curran LLP

Mason Hayes & Curran LLP

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The Pensions Authority is a regulatory body in Ireland. One of its functions is to issue guidance on the duties and responsibilities of pension scheme trustees.

IrelandEmployment and HR
Peggy Hughes
Peggy Hughes
Stephen Gillick
Stephen Gillick
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The Pensions Authority is a regulatory body in Ireland. One of its functions is to issue guidance on the duties and responsibilities of pension scheme trustees.  It intends to issue several codes of governance during 2016. This article provides a brief outline of the first two published tranches.

The Pensions Authority in Ireland (the "Authority") recently published the second tranche of its DC Codes of Governance for Defined Contribution ("DC") schemes.  The Authority has now published six DC Codes in total.  Many trustee boards may already have governance frameworks in place.  However, they would be well advised to at least undertake an audit of their current position against what is provided by the Authority as reference action plans within these new codes. This could identify any gaps which might require further action.

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