Ireland: Pensions and Investment News and Analysis
Latest news and analysis of pensions, asset management, regulation and trends in Ireland from our award-winning journalists.
Ireland’s new sovereign wealth fund
The planned Future Ireland Fund (FIF) aims to cover expected future costs such as pensions and healthcare
Irish pensions auto-enrolment is a worthy challenge
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 – future pensions tiger
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.
Country Report – Ireland (February 2023)
Ireland is preparing an Auto Enrolment Bill, which will kick-start the process of defined contribution pension reform in earnest, some 15 years after the concept was first mooted. The plan is for a Central Processing Authority to administer the system and for up to four providers to tender for a chance to manage member contributions.
Irish Pensions Authority publishes own-risk assessment guidance
Trustees are required to complete a full own-risk assessment every three years.
68% of Irish DC schemes plan to wind up and transfer to alternative arrangement
Many schemes are moving their pensions into multi-employer mastertrusts or personal retirement savings accounts
IORP II drives fall in Irish pension scheme numbers, says Pensions Authority
For many schemes, trustees and sponsoring employers have decided that ‘it is not practical or economic to make their scheme compliant’ with IORP II
Ireland: All systems go for national auto-enrolment
Irish government aims to launch auto-enrolment retirement system in 2024
LifeSight reaches €2bn AUM in Ireland ahead of auto-enrolment arrival
’Employers are preparing for big reforms around pensions, with the expected arrival of auto-enrolment early next year’
Ireland moves step closer to auto-enrolment setup
There will be a separate tender for investment services later in the year
Pensions Authority launches research on IORP II implementation in Ireland
EIOPA and the European Commission are supporting the Authority in the implementation of forward-looking risk-based supervision in Ireland
Country Report – Ireland (February 2023)
Ireland is preparing an Auto Enrolment Bill, which will kick-start the process of defined contribution pension reform in earnest, some 15 years after the concept was first mooted. The plan is for a Central Processing Authority to administer the system and for up to four providers to tender for a chance to manage member contributions.
Ireland: Viewpoint – Trustees, understand the employer covenant
Pensions may lose out if boards do not have a full grasp of the risks facing schemes
Ireland: Final countdown to implementation for auto enrolment
Fifteen years after auto-enrolment was first mooted for Ireland, the automatic savings programme is nearly ready to be rolled out
Ireland: IAPF view – The pension landscape is evolving fast
Reform of the Irish pensions system is in motion but much more needs to be done
Ireland: Interview – Pensions Authority keeps an eye on LDI practices
Pensions Authority CEO Brendan Kennedy is not overly concerned about DB schemes’ LDI position, but feels the regulator needs more information. He speaks to Gail Moss about this and other issues facing the Irish industry
Ireland: Taking stock of LDI
While there are no immediate concerns, liability-matching assets fell significantly last year following rising euro yields
Ireland: In rude health
Heading into 2023, the largest schemes are in funding surplus for the first time
Irish Pensions Authority calls on DB schemes under LDI scrutiny
The regulator wants to know that, where schemes decide to implement an LDI strategy, trustees are making informed decisions
‘Significant consolidation’ of Irish pension schemes is needed, says The Pensions Authority
Transposing IORP II Directive into Irish pensions legislation is to set out clearly the higher standards of management and governance expected of trustees
Ireland: IORP implementation prompts consolidation
Ireland’s pensions trade body warns that many smaller schemes will be unable to meet the requirements of IORP II, accelerating the move to master trusts
Ireland’s Pensions Authority issues compliance of master trusts report
Authority has issued individual letters to master trusts and expects trustee boards and advisers to consider findings and evaluate own practices
WTW’s LifeSight sets net zero target
LifeSight has also partnered with an engagement overlay provider to deliver additional stewardship services
Irish DB funding improves amid dwindling scheme numbers
Supervisor notes latest figures don’t include impact of recent bond yields and stockmarket losses
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