Amendments to the Occupational Pension Schemes (Disclosure of Information) Regulations 2006
The Pensions Authority recently issued an update advising that the Occupational Pension Schemes (Disclosure of Information) (Amendment) Regulations 2022 (S.I. No. 295 of 2022) (the Regulations) came into effect on 16 May 2022. The Regulations amend the existing Occupational Pension Schemes (Disclosure of Information) Regulations 2006 (S.I. No. 301 of 2006). The main amendments include:
- deletion of the exemption for one-member arrangements in respect of annual reports
- deletion of the alternative annual report option for small DB or DC schemes
- minor changes to the content of the annual report in relation to information required to accompany the audited accounts and actuarial funding certificate
- changes to signing requirements to reflect the two-trustee rule under section 64AC of the Pensions Act, 1990, as amended.
Full details from the Authority are here.
The Authority issued a subsequent Update last week to confirm that the requirements to produce and issue a full annual report and audited accounts will only apply to one-member and small schemes for any scheme years ending after 31st July 2022, with further details here.
Survey on IORP II Compliance
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