Latest news and analysis of pensions, asset management, regulation and trends in Ireland from our award-winning journalists.
Ireland’s bid to reduce the number of single-member DC pension funds is succeeding but is not without teething troubles
Pension fund/entity | Assets (€’000)
©IPE Research; See IPE’s Top 1000 Pension Funds for the full ranking
Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022
This marks the first time in 15 years of the LCP’s accounting survey that the average funding level has been above 100%
The changes apply to occupational pension schemes with 20 or more participating employers
Pensions Authority reveals results of this year’s scrutiny of fast-growing MT sector
Trustees are required to complete a full own-risk assessment every three years.
Many schemes are moving their pensions into multi-employer mastertrusts or personal retirement savings accounts
Company | Assets (€m)
As at 30.9.23, *30.6.23, **31.12.23
©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report
Irish citizens are set to get a retirement boost following the government’s decision to implement its auto-enrolment retirement savings scheme in 2024. That is, if all goes to plan. Under the proposed scheme, which has been a topic of debate in Irish politics for at least 15 years, employees will have access to a workplace pension savings scheme that is co-funded by their employer and the state.
This marks the first time in 15 years of the LCP’s accounting survey that the average funding level has been above 100%
The changes apply to occupational pension schemes with 20 or more participating employers
Pensions Authority reveals results of this year’s scrutiny of fast-growing MT sector
The planned Future Ireland Fund (FIF) aims to cover expected future costs such as pensions and healthcare
Irish citizens are set to get a retirement boost following the government’s decision to implement its auto-enrolment retirement savings scheme in 2024. That is, if all goes to plan. Under the proposed scheme, which has been a topic of debate in Irish politics for at least 15 years, employees will have access to a workplace pension savings scheme that is co-funded by their employer and the state.
Ireland stands a few policy steps away from the creation of a serious first and second-pillar pensions architecture that will improve the country’s international standing in terms of retirement provision.
Trustees are required to complete a full own-risk assessment every three years.
Many schemes are moving their pensions into multi-employer mastertrusts or personal retirement savings accounts
For many schemes, trustees and sponsoring employers have decided that ‘it is not practical or economic to make their scheme compliant’ with IORP II
Irish government aims to launch auto-enrolment retirement system in 2024