Pension Authority announce significant changes to the rules governing Executive Pension Plans
This week Irish Life, Zurich Life, New Ireland, AVIVA Life and Standard Life have taken the decision to cease accepting new applications for individual Executive Pension Plans.
The same providers have indicated they will, for the time being, accept new investments or top-ups on existing plans.
As a result of the implementation of IORP II from 22 April 2021, these one person pension plans will now be required to produce a ull annual report in addition to audited accounts.
The communication from the Pensions Authority is here.
Get in touch for support
Nelson Life are here to support both or existing clients and new clients during this change.
If you would like to know more about preparing your company or organisation for IORP II compliance, PRSAs or Master Trust – we are here to guide you through the options and the best fit for you.
Our job is to help you choose a product and structure that will help you meet your goals.
telephone | 091441188 and/or email | ask@nelsonlife.ie
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