LCP radar update
January 2019
Publications
IORP II, the Directive which is expected to greatly enhance pension scheme governance, was not transposed into Irish law by 13 January 2019 as expected.
The Directive, which came into force across the EU on 13 January 2019 was not transposed into Irish law in accordance with the EU timescales.
The Directive provides for a range of new requirements concerning pension scheme governance, management standards in schemes, safekeeping of assets, the need for clear and relevant information to members and the removal of obstacles to cross-border pension services.
For further information, please download our attached PDF.
If you have any questions on this update, please contact Roma Burke at 01 614 4393/ roma.burke@lcpireland.com or the LCP partner who normally advises you. Download the publication to find out more.
Our advice isn’t out-of-the-box; we take an individualised approach to each client to make sure you achieve your unique goals.
Corporate change can often occur unexpectedly or quickly. For those sponsoring or managing pension schemes, the implications can be significant. DB pension liabilities and future DC pension arrangements, along with associated employee benefits, are a key consideration in any commercial transaction today.
