As part of its remit, the Pensions Authority is responsible for the monitoring and supervision of, and the issuing of guidelines or guidance notes on, the operation of the Pensions Act. One of the key objectives of the Pensions Authority for 2016 and the coming years is to provide further guidance for trustees of occupational pension schemes.

At a Pensions Authority Seminar in January, the first tranche of the Authority’s Codes of Governance for Defined Contribution Schemes were launched with the second tranche released this week. There are currently six codes available here covering the following topics:

1. Governance plan of action;
2. Trustee meetings;
3. Managing conflicts of interest;
4. Collection and remittance of contributions;
5. Investing scheme assets; and
6. Paying benefits.

Continue Reading Pensions Authority Codes of Governance for Defined Contribution Pension Schemes