News

Practice Area

Publication Type

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:

Read more
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).

Read more
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

Read more
30 Nov 2011

Pensions Board note about funding proposal deadlines

Note from Pensions Board about Funding Proposal Deadlines

Read more
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.

Read more
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). 
 

Read more
19 May 2011

Dept of Social Protection invites tenders for pensions consultancy

As part of the National Pensions Framework implementation process, the Department of Social Protection intends to establish a panel of consultants, some of whom may be engaged from time to time during the implementation process.

In that regard, a Request for Tender has been published today, requesting applications from vendors who wish to be considered for entry to that panel.     

Read more
11 May 2011

Society issues press release on Pension Fund Levy

The Government announced yesterday that “Jobs Initiative 2011” will be partly funded by a special levy on pension savings.


In a press release the Society of Actuaries in Ireland acknowledged the economic and fiscal challenges the country faces and the

need in particular to get more people back to work. However, any changes to pension policy can have far-reaching consequences,

so must be properly thought through.

Read more
10 Mar 2011

IAA Releases Note on Enterprise Risk Management for Pensions

IAA News Release:

The International Actuarial Association is pleased to announce the publication by its Pensions and Employee Benefits Committee of a Note on Enterprise Risk Management for Pensions.

Read more
01 Mar 2011

Society issues press release on Gender Directive ruling

The European Court of Justice (ECJ) has today ruled that Article 5(2) of the Gender Directive 2004/113/EC breaches European Union gender discrimination laws.  Article 5(2) currently permits individual member states to differentiate between men and women when pricing insurance where statistical evidence shows gender is a determining risk factor.  The ECJ has ruled that this derogation is invalid from 21st December 2012.  

Read more
01 Mar 2011

Society responds to consultation on Impact Metrics for Risk Based Supervision

The Society of Actuaries in Ireland has responded to a “Consultation on Impact Metrics for the Risk Based Supervision of Financial Firms by the Central Bank and on Impact Based Levies”.

Read more