News

16 Apr 2012

Minister Burton publishes Social Welfare and Pensions Bill 2012

Joan Burton TD, Minister for Social Protection today (5th April) published the Social Welfare and Pensions Bill 2012 to give effect to a number of reforms including those in the areas of the One-Parent Family Payment scheme and Defined Benefit Pension schemes. The main provisions in the Bill are set out here.

23 Mar 2012

CERA Treaty Board approves Thought Leader and Verifiable Experienced Practitioner application

From the UK Actuarial Profession's ERM Newsletter, March 2012:

"We are pleased to announce that the CERA Treaty Board has recently granted approval to the application from the UK Actuarial Profession to award the CERA qualification to Thought Leaders and Verifiable Experienced Practitioners.

Over the next few months, the identification and confirmation of Thought Leaders will begin. This will be done using a Selection Panel and will be by invitation only.

The key criteria for a Thought Leader are:

08 Mar 2012

Groupe Consultatif speaks out at hearing on review of IORPs Directive

From a press release issued by the Groupe Consultatif:

"EU Public Hearing of IORPs: Groupe Consultatif dismisses pensions comparable to insurance

23 Jan 2012

Sovereign Annuity Regulations now in force

The following Sovereign Annuity Regulations are now in force:

1. The Occupational Pension Schemes (Disclosure of Information) (Amendment) Regulations, 2012 were signed into law by the Minister for Social Protection, Joan Burton T.D on 11 January 2012.

2. The Pensions Act (Register and Database of Certified Policies or Contracts of Assurance) Regulations, 2012 were signed into law by the Minister for Social Protection, Joan Burton T.D on 11 January 2012.

20 Jan 2012

Update from Pensions Board on the re-introduction of funding standard obligations for defined benefit pension schemes

The following is an extract from the Pensions Board website. Full details can be found here:

13 Jan 2012

Society responds to consultation on EU-wide legislative framework for IORPs

In April 2011, the European Commission asked EIOPA for advice on the EU-wide legislative framework for IORPs (Institutions for Occupational Retirement Provision).

10 Jan 2012

European Congress of Actuaries

The Groupe Consultatif's first European Congress of Actuaries - ECA 2012 - will take place in Brussels on 7/8 June 2012. The theme is The Future European Actuary. This Congress aims to attract actuaries working in industry, consulting and academia, as well as other financial professionals, politicians and others interested in the future of risk management in Europe. The programme will include speakers from the European Parliament and Commission, supervisory authorities, rating agencies, and other fields.

30 Nov 2011

Dept of Social Protection note about upcoming DB changes

The Government has approved a number of changes to defined benefit (DB) pension provision to help ensure its sustainability, enhance the security of member benefits and increase equity between members of DB schemes. The note is now attached.

To read the Sociey's note about the same changes - please click here

30 Nov 2011

Pensions Board note about funding proposal deadlines

Note from Pensions Board about Funding Proposal Deadlines

17 Nov 2011

Society publishes Position Paper on Taxation of Private Pension Provision

The Society of Actuaries in Ireland has published a position paper on “Taxation of Private Pension Provision”.

The primary purpose of the paper is to examine the effect of reducing the tax relief on pension contributions made by individuals.

Individuals currently receive tax relief at their marginal income tax rate on pension contributions. The National Recovery Plan 2011-2014 proposes to change the tax relief from the individual’s marginal tax rate to the standard tax rate of 20% by 2014.

17 Aug 2011

IAA AFIR Section expands scope to Enterprise Risk Management

At the June, 2011 general meeting of the AFIR (Actuarial Approach for Financial Risks) section in Madrid, the membership affirmed a major expansion of the scope of the IAA section to now include Enterprise Risk Management (ERM) along with continuing the original focus on financial risks. To emphasize this change, the section has taken on a new name, AFIR/ERM.

23 Jun 2011

Second International Comparative Study of Mortality Tables for Pension Fund Retirees

A paper entitled a “Second International Comparative Study of Mortality Tables for Pension Fund Retirees” has been published by T.Z.Sithole (Kingston University), S.Haberman and R.J.Verrall (both Cass Business School, City University London).

Login

Become a member