PENSION DEVELOPMENTS – WHAT S ON THE HORIZON IN
2021?
We look ahead at the developments we may see across the Irish
pensions sector later this year.
1. Culture Change Coming? The Pensions Authority s
Expectations of Trustees
We now understand that we will see legislation transposing IORP
II in the first half of 2021, and possibly during Q1. In
anticipation of this legislation, the Pensions Authority
(Authority) made a number of announcements late last year
highlighting what it expects of trustees once IORP II is
implemented, how it will supervise trustees, and what can be done
now by trustees to prepare for IORP II.
On 7 October 2020, the Authority published new information for