Ireland’s new trustee code is bedding in following its publication last autumn. The code aligns Ireland with IORP II, with rules on governance, administration, controls, DB management and ‘fit and proper’ requirements.

As the regulator increases the regulatory burden, some think trustees may throw in the towel by moving to a master fund as an alternative to remaining a standalone scheme. COVID, Brexit and elections all conspired to delay the long-awaited implementation of auto enrolment – the planned Central Processing Authority has not even been established yet.

Also in this report: Tomás Kirrane of LCP Ireland looks at DB funding trends and Jerry Moriarty, CEO of the Irish Association of Pension Funds, gives his view on the industry.