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Pension reform throws harsh light on Irish retirement savings

Pension reform throws harsh light on Irish retirement savings
Ireland has too many small pension funds with high costs, run by amateur trustees
about 6 hours ago

It was fitting somehow that the biggest regulatory reform of Irish pensions was announced with no fanfare. Just a press release issued without notice at the end of the working day – after 5:30pm.
Pensions are a difficult sell and, at first sight, this latest landmark reform is an indicator of why. Called IORP II, the acronym is even more impenetrable than its actual title – the EU directive on the activities and supervision of institutions for occupational retirement provision. Essentially, it is designed to improve governance of pension schemes and communications with pension scheme members. ....

Personal Finance , Orp Ii , Master Trusts ,

HR Magazine - Government drive towards Master Trusts – what do HR teams need to know?

Published:
13 Apr 2021
Does your defined contributon pension scheme offer value for money to its members? Or would their interests be better served by transferring into a Master Trust? This is the question HR and finance directors of small trust-based DC schemes will be required to answer under proposed legislation due to take effect later this year.
The UK government has recently issued legislation for consultation which, if introduced, will mean businesses with DC schemes with assets of less than £100 million will need to assess whether their scheme offers value for money.
Value for money is to be measured by the investment return and charges benchmarked against three larger pension schemes. Businesses and their pension scheme trustees will be required to report back to members on the measures being taken to resolve concerns if a scheme does not offer value for money. ....

United Kingdom , Master Trust , Master Trusts , ஒன்றுபட்டது கிஂக்டம் , குரு நம்பிக்கை , குரு அறக்கட்டளைகள் ,

Consolidating DC schemes urged to act before 'capacity crunch'

So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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Pensions Regulator , Sue Pemberton , Premier Pensions , Dc Consolidation , Master Trusts , ஓய்வூதியங்கள் சீராக்கி , வழக்கு பெம்பர்டன் , ப்ரிமியர் ஓய்வூதியங்கள் , டச் ஒருங்கிணைப்பு , குரு அறக்கட்டளைகள் ,