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ARTICLE · 17 AUGUST 2016

We Need To Talk About Pensions

Mason Hayes & Curran LLP
Mason Hayes & Curran LLP
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We need to talk about pensions or, to be more precise, we need to "consult" about pensions.

IrelandEmployment and HR
Peggy Hughes
Peggy Hughes
Stephen Gillick
Stephen Gillick
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We need to talk about pensions or, to be more precise, we need to "consult" about pensions. The Pensions Authority has released a Consultation Paper seeking input from interested parties on their proposals to reform and simplify supplementary funded private pensions in Ireland.

The Paper does not deal with the elephant in the room that are the massive financial issues that exist in relation to unfunded pension schemes such as the State pension and unfunded public sector pension schemes. These issues are not within the scope of the Paper.

The main issues and proposals contained in the Paper are as follows:

Changes to Trusteeship

The Authority has suggested that the following changes be made to the role of pension scheme trustee.

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