IORP II Directive – Code of Practice for the Trustees of Occupational Pension Schemes
The Pensions Authority will publish the final code of practice for trustees of occupational pension schemes in the week commencing Monday 15 November.
The code sets out what the Authority expects from trustees to meet their obligations under the European Union (Occupational Pension Schemes) Regulations 2021.
The Authority will monitor compliance with the requirements set out in the code as part of its ongoing forward-looking risk-based supervision.
Grace Guy, Head of Supervision and Enforcement at the Pensions Authority, will provide a high-level overview of the main areas covered in the code, followed by key messages from the Authority in relation to compliance with the new requirements.
Key Learning Outcomes:
- Knowledge of new code of practice from the Pensions Authority applying to the trustees of occupational pension schemes
- Presentation by the Pensions Regulator with the key messages in relation to compliance with the new requirements
- Pensions related compliance requirements
- Role and responsibilities of a pension scheme trustee
||IORP II Directive – Code of Practice for the trustees of Occupational Pension Schemes
||Thursday, 2nd December, 2021
||Grace Guy, Pensions Authority, Head of Supervision and Enforcement
||09:00 – 10:00
||1 Hour LCOI, FCOI (Compliance)
||€25 members, €35 non-members
Grace Guy, Pensions Authority, Head of Supervision and Enforcement
Grace Guy is Head of the Supervision and Enforcement Unit with the Pensions Authority, the Irish Regulator for company backed pension schemes and PRSAs. The Supervision and Enforcement Unit’s core activities include investigating suspected breaches of the Pensions Act and conducting on and off-site inspections and compliance audits. The Unit also instigates prosecutions and other sanctions where breaches of the Pensions Act are found to have occurred.
Grace joined the Authority in 2010 as a legal adviser and subsequently ran the Authority’s Legal Unit. She is a qualified solicitor and has advised on all aspects of the Authority’s legal remit. She represents the Pensions Authority with other supervisory agencies, government departments and European pensions fora generally and with respect to national and international pensions policy development. Grace is currently a member of the OECD Committee – International Organisation of Pension Supervisors (IOPS) and a former member of the Law Society Pensions sub-committee and former council member of the APLI (the Association of Pensions Lawyers in Ireland).