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LCP Radar: Pensions Authority Information Update on IORP II related issues

Pensions & benefits

The Pensions Authority has published a regulatory update on a number of issues 

The Authority published information on the pension benefit statement (PBS), the annual compliance statement (ACS), the 2022 EIOPA stress test, the interpretation of the regulated markets requirement and the use of electronic communications provided for under the Pensions Act 1990. 

The Authority also announces an upcoming survey of DB and DC schemes, its intention to issue further information for master trusts, and issues a reminder of the compliance deadline of 1 July 2022 for master trusts, one-member arrangements set up on or after 22 April 2021 and new schemes.

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