Implications for trustees and plan sponsors.
The landscape for Irish occupational pension schemes 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 occupational pension plans, covering governance and risk management, plan management and member communication requirements.
The responsibility for implementing IORP II will fall on trustees, and it will be important that all trustees understand what will be required and what the scheme will need to do. It will be equally important that scheme sponsors understand the Directive’s implications and what potential actions they might need to take. The two reports below look at these issues in more detail and at what trustees and sponsors can do to prepare.
We’re here to help. Complete the “Connect with us” form today and we will be in touch with you to discuss any questions or concerns you have about IORP II.
We’d be happy to set up a free consultation or send you more information to get you started. Simply fill out the form below and we will be in touch. If you are an existing Mercer plan member and have a question about your pension or shares, please contact the JustAsk team via this link.