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LCP Radar: Pensions Authority increases its fees for some occupational pension schemes by 50%

Pensions & benefits

The Minister for Social Protection, with the consent of the Minister for Public Expenditure and Reform, has approved revised Pensions Authority fees for occupational schemes with effect from 1 January 2022.

The Pensions Authority has said that increased fees are necessary to meet the Authority’s staffing and IT costs arising from the implementation of the EU IORP II Directive and the implementation of forward-looking risk-based supervision.

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