PRSA
application process
Publications
This document outlines some of the relevant considerations when preparing for the submission of an application to become a PRSA provider.
To become a PRSA product provider, the Pensions Authority & Revenue must first grant their approval for all PRSA products being offered. The Pensions Authority will base their decision to grant or refuse approval on the basis of the application form submitted.
The document attached outlines the process to receiving this approval.
How we can help
Transfers from occupational pension schemes to a PRSA require a certificate of comparison and written statement before they can be implemented.
Accurate projection of retirement benefits is an important disclosure requirement under PRSA and occupational pension scheme legislation.
The process of obtaining approval as a PRSA provider is challenging and intensive.
We currently act as PRSA actuarial consultants to 8 PRSA providers. As a result, we have significant experience of conducting compliance reviews for PRSA business.
