Response to the Pensions Authority consultation on financial management guidelines for defined benefit schemes
In July 2014, the Pensions Authority issued a consultation on Financial Management Guidelines of defined benefit pension schemes. The consultation paper can be viewed here.
SAI Response to Department of Social Protection Consultation on IORPS II Directive
Earlier this year, the European Commission published a proposal for an updated IORP Directive. The original IORP was published in 2003 and transposed into Irish law in September 2005. In summary, the current proposals aim to give greater protection of the pension rights of scheme members and beneficiaries.
SAI response to the Department of Justice and Equality consultation on Legislation on Periodic Payment Orders
The Society has responded to the Department of Justice and Equality consultation on Legislation on Periodic Payment Orders. Details of the Society’s response are available here
Pensions Authority Public Consultation Forum on Financial Management Guidelines for defined benefit schemes
The Pensions Authority is holding a Public Consultation Forum on Financial Management Guidelines for defined benefit schemes. The forum will be relevant to trustees, scheme members, providers, managers, advisers and other interested stakeholders.
EIOPA publishes the Underlying Assumptions in the standard formula for the SCR calculation
The European Insurance and Occupational Pensions Authority (EIOPA) has published the Underlying Assumptions in the standard formula for the Solvency Capital Requirement (SCR) calculation.
The paper aims to support supervisors and undertakings in application of the Solvency II Preparatory Guidelines on forward looking assessment of own risks (FLAOR).
The Central Bank of Ireland has published the article “Reinsurance in Ireland: Development and Issues” from the Central Bank’s Quarterly Bulletin for Q3 2014.
EBA, ESMA and EIOPA consult on technical standards for financial conglomerates risk concentration and intra-group transactions
The Joint Committee of the three European Supervisory Authorities (ESAs - EBA, ESMA and EIOPA) launched a consultation on draft Regulatory Technical Standards (RTS) on risk concentration and intra-group transactions within financial conglomerates. The technical standards aim at enhancing supervisory consistency in the application of the Financial Conglomerates Directive (FICOD). The consultation runs until 24 October 2014.
Society of Actuaries publishes response to Dept of Health Consultation on Universal Health Insurance
We, the Society of Actuaries in Ireland, have today published our response to the Department of Health’s Public Consultation on the White Paper on Universal Health Insurance (UHI).
We are supportive of many aspects of the White Paper, and particularly the continued commitment to developing an efficient healthcare system that will deliver quality services to patients.