PRSA Actuary Services

LCP offers PRSA Actuary services to PRSA providers. The Pensions (Amendment) Act, 2002 introduced the concept of Personal Retirement Savings Accounts (PRSAs) in the Irish market. Each provider of PRSAs must employ or retain the services of a PRSA actuary. The obligations placed on the PRSA actuary include the following:

• To determine the extent to which the provider has complied with statutory requirements
• To certify that charging practice reflects illustration details and complies with the statutory requirements, and that the product complies with statutory requirements

The process of obtaining approval as a PRSA provider is difficult and intensive. We have already assisted a number of providers in their submissions. We can provide the guidance and expertise needed for any new PRSA application.

Contact us for further information.