As you are no doubt aware, in late April it was announced that the EU Occupational Pension Schemes Regulations 2021 had been signed, thereby transposing the IORP II Directive into Irish Law. These new regulations make significant changes to the Pensions Act by inserting the terms of IORP II directly into the Pensions Act in Ireland.
Since COVID-19 more people are reflecting and revaluating the important aspects of their lives. Family and health are priority and a person’s financial wellbeing is intrinsically linked to both, writes Maurice Ryan, Customer and Corporate Distribution Manager at Zurich.
Pensions don’t have to be complicated but if you're a trustee, an employer, or a scheme advisor, it can sometimes feel like the opposite, and being informed on the ever-changing landscape and what it means for your business is important.
From baby boomers to Gen Z – your workforce will be made up of a diverse group of people and it makes sense that they should engage with their pension provider to plan the life they would like in retirement.