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IORP II transposed into Irish law, compliance cost a concern


By Susanna Rust2021-04-29T14:36:00+01:00
The IORP II Directive, the EU’s pension fund legislation, has been transposed into Irish law – more than two years after the intended deadline.
The development was announced by the government on Tuesday, which said that the general principle in respect of the transposition was that ”the requirements of the Directive will apply to all schemes and trust Retirement Annuity Contracts (RACs), including small schemes and one-member arrangements, where possible and as appropriate, in order to ensure that all members and beneficiaries are afforded equal protection irrespective of size”.
Heather Humphreys, minister for social protection, said many of the provisions in the IORP II Directive would support positive reform of the Irish occupational pension sector, in keeping with the government’s plans. ....

Conor Daly , Brendan Kennedy , Jerry Moriarty , Heather Humphreys , Pensions Authority , European Commission , Irish Association Of Pension Funds , Retirement Annuity Contracts , Irish Association , Pension Funds , கோனார் டேலி , பிரெண்டன் கெந்நெடீ , ஜெர்ரி மோரீயார்டீ , ஹீத்தர் ஹம்ப்ரிஸ் , ஓய்வூதியங்கள் அதிகாரம் , ஐரோப்பிய தரகு , ஐரிஷ் சங்கம் ஆஃப் ஓய்வூதியம் நிதி , ஓய்வு வருடாந்திரம் ஒப்பந்தங்கள் , ஐரிஷ் சங்கம் , ஓய்வூதியம் நிதி ,