Guidance Note on the EU (Supplementary Pensions Rights) Regulations 2019
The Pensions Authority has published a Guidance Note on the European Union (Supplementary Pension Rights) Regulations 2019. These regulations raise many practical issues for Trustees and also appear to provide a different interpretation of the benefits Outgoing Workers are entitled to than has been the case in other countries that have implemented the Directive. The Guidance note also does not deal with the tax issues that might arise with Revenue as a result of refunding employer contributions. We will be following up on these issues with the Department of Employment Affairs and Social Protection, the Pensions Authority and Revenue.
EIOPA Data Reporting
The Pensions Authority has confirmed that the “look through approach” required for schemes with assets over €1bn will not be required at 31/12/19 but at 31/12/20 for the first time. A link to the Authority’s Update is here.
Governance Conference 2019 Highlights
Thank you to all who attended the 2019 Governance Conference. In particular, we would like to thank our speakers. Where permission has been granted, presentations can be downloaded from the event page, where you can also find your CPD codes
The Investment Survey was launched at the Governance Conference. It can be downloaded by members from the Publications section of the IAPF website.
IAPF Yearbook 2020
Look out for our 2020 Yearbook - coming to members in December!