IORP II compliance deadline |
| The deadline for Group Pension scheme compliance with IORP II is fast approaching. As the IORP II regulatory requirements impose significant extra compliance costs on all schemes which remain outside of a Master Trust, it is imperative that action be taken now if these are to be avoided. If a Group Pension scheme remains as a single employer trust arrangement, significantly higher compliance costs may apply. |
What action is needed? |
| If you have Group Pension schemes in your portfolio, your Account Manager will have sought to engage with you on how these schemes can be moved to the Navigator Master Trust or an alternative option such as OMA, PRSA or PRB.
Where the employer wishes to move to the Navigator Master Trust, please ensure you return the completed Navigator Master Trust Participant Agreement to navigatormt@newireland.ie as soon as possible, if not already done. |
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