After much talk over the past 2 or 3 years, at last sovereign annuities have become a reality… nearly. This week, I was one of the speakers at the launch of the first sovereign annuity approved by the Pensions Board. Getting to this point is a major milestone in the long journey towards being able to… Continue Reading
Category Archives: Pensions Board
Subscribe to Pensions Board RSS FeedPension Simplification
Posted in Pensions Board, UncategorizedThe Pensions Board’s deadline for the submission of responses to its consultation on the simplification of defined contribution pension provision passed at the end of February. The consultation sought views on a number of different issues. These ranged from the number of different pension vehicles to pension adjustment orders to disclosure requirements. A&L Goodbody have… Continue Reading
Trustee Training Update
Posted in Administration, Pensions Board, TrusteeshipThe Pensions Board has recently confirmed that they will monitor trustee training compliance on an ongoing basis. Trustees are required to record in the scheme’s annual report that they have received the appropriate training as required by the Pensions Act and within the specified time limits. Trustees will be interested to note that the Pensions… Continue Reading
Trustee Training Reminder: Obligations for Trustees and Employers
Posted in Administration, Pensions Board, Trusteeship1 February 2012 is the cut off time by which trustees, who were trustees prior to and after 1 February 2010, must have completed their trustee training. Trustees appointed since 1 February 2010 had to receive training within six months of their appointment. Every trustee of an occupational pension scheme (except a death benefit only… Continue Reading
Subscribe via RSS
Follow Us on Twitter