The IORP II Directive which was implemented into Irish Law in April will have a far reaching impact on how occupational pensions (and Trust Retirement Annuity Contracts RACs) will be established and administered.
The Directive imposes many new rules and regulations for trustees of occupational pensions in particular and will also have a knock on effect for sponsoring employers, Registered Administrators (RA) and Advisors.
The Pensions Authority recently issued a draft code of practice for trustees. In our latest Life and Pensions Technical Update, George Nolan, our Head of Retirement & Technical Insights summarises some of the key points to help you better understand the impact of the Directive.
You can read the update here.