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Ireland's Pensions Law Blog

Tag Archives: complex

The Omega Pharma case – Trustee and Employer Guidance

Posted in Case Law, Disputes, Funding, Legislation, Liability management, Scheme Restructuring, Trusteeship

What is the Omega Pharma case? The Omega Pharma case has confirmed that the scheme’s governing documentation and not the Pensions Act minimum funding standard determine the employer’s liability to contribute to defined benefit schemes on wind-up. On 25 July 2014, Mr Justice Moriarty in the Commercial Court handed down judgment in the case of… Continue Reading

Inducement exercises – Five common hazards

Posted in Liability management

Two liability management options we are seeing considered more and more frequently by Irish sponsoring employers of defined benefit schemes are pension increase exchange exercises (where members agree to forego an entitlement to increases on their pensions in the future in return for something now, for example, a higher starting flat pension) and transfer out… Continue Reading

Creative DB scheme funding approaches – contingent assets and unsecured undertakings

Posted in Funding, Investment, Pensions Authority, Scheme Restructuring

The funding difficulties facing defined benefit schemes in this country at the moment as well as the strengthening of the Pensions Act funding requirements and re-introduction of funding standard deadlines has seen both scheme sponsors and trustees adopt an increasingly more creative approach to satisfying statutory obligations as well as providing a sustainable basis for… Continue Reading

7 Key Questions Trustees and Sponsoring Employers of Pension Schemes should ask when Appointing Professional Advisers

Posted in Administration

As the management and governance of pension schemes continues to increase in complexity and risk both sponsoring employers and trustees of pension schemes are increasingly looking towards appointing professional advisers to bring knowledge, experience, and expertise to the governance and management of their pension schemes in an effort to reduce risk and achieve cost efficiencies…. Continue Reading