In any event, it is important that you advise us of your clients plans - irrespective of whether they are going to move to the Zurich Master Trust. For example, if they have made a Formal Commitment to Wind-up and their scheme and transfer to an alternative pension arrangement, then please also let us know so that we can update our records.

Please click here to read more about the new requirements under IORP II regulation.

As you can see from the Annual Compliance Statement (and the bullet points list above), the duties are very wide and onerous - and the Pensions Authority have been clear that they expect schemes to have made significant progress towards meeting full compliance given the deadline was 31st December 2022. 

These are just some of the steps involved in achieving compliance.

For more information on IORP II requirements or recent changes to pensions legislation please visit the Pensions Authority website. 

If you want to find out more information on the Zurich Master Trust please visit zurichcorporate.ie