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Pensions Board unveils support service providers

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  • Pensions Board unveils support service providers

IRELAND - The Irish Pensions Board has unveiled two lists of 10 companies it will use in the future to provide actuarial consultancy as well as policy and economic research services.

Contract notices issued by the Irish regulator reveal potential work for the actuarial appointees could include advice on technical issues relating to legislation, investigations into particular schemes to ensure compliance and research into actuarial aspects of pensions provision, or pension policy.

Although the Pensions Board has confirmed the appointment of companies to provide these and other actuarial services, it confirmed that "from time to time" the "tenderers" would have to bid to provide the Board with certain additional services.

In the case of economic research, the Pensions Board says it will on occasions require firms to support the preparation of reports and guidance papers on policy matters, and may include a report examining "the advantages and disadvantages of possible State involvement in income provision at retirement under the 2nd pillar".

The 10 companies appointed by the Pensions Board to provide actuarial consultancy services are:

Coyle Hamilton Willis; Hewitt Associates; HLD Actuarial Consultants; Lane Clark & Peacock, and Life Strategies; McElvaney Consultants; Mercer; PricewaterhouseCoopers; Trident Benefit Consulting; The UK's Government Actuary's Department.

The 10 companies to provide policy and economic research services are:

Coyle & Hamilton Willis; CRA International; Economic & Social Institute; Europe Economics; Goodbody Economic Consultants; Indecon Economic Consultants; John Ashcroft Consulting; Life Strategies; Mazars, and Redacteurs.

If you have any comments you would like to add to this or any other story, contact Julie Henderson on + 44 (0)20 7261 4602 or email julie.henderson@ipe.com

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