Chief Executive of Pensions Board talks about trustees’ responsibilities

The Chief Executive of the Pensions Board, Brendan Kennedy, gave a presentation recently to the IAPF Trustees Forum on “What the Pensions Board expects of Trustees” .  He pointed out that, while trustees are not expected to be pension professionals, they must put in the effort needed to acquire a basic knowledge of the Irish pension system, they must be prepared to engage actively, and they must discharge their responsibilities in an organised manner.  He talked about decision-making processes and he commented specifically on trustees’ responsibilities in relation to investment, administration, funding and communication.  He finished by outlining various supports that are available from the Pensions Board.