IORP II - A Sponsor's Point of View

The Irish pension landscape is changing with the introduction of IORP II, a comprehensive and wide-ranging European Directive that seeks to enhance and harmonise the governance and management of pension schemes across the European Union.  In doing so, it introduces a number of new requirements for Irish pension plans, covering governance, plan management and member communication requirements.

While the responsibility for implementing IORP II will fall on trustees, it is important that scheme sponsors understand the potential implications and the potential actions they may take. This whitepaper sets out some of the high level challenges for sponsors and actions that can potentially be taken to mitigate their impact.

 

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