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Focus
- Trusteeship
– Qualifications – Governance
- Reporting obligations
ETHI ETHICS CS AND AND PENSIONS PENSIONS REGULATI REGULATION ON - - PowerPoint PPT Presentation
ETHI ETHICS CS AND AND PENSIONS PENSIONS REGULATI REGULATION ON - - PowerPoint PPT Presentation
ETHI ETHICS CS AND AND PENSIONS PENSIONS REGULATI REGULATION ON GRACE GUY THE PENSIONS AUTHORITY Focus Trusteeship Qualifications Governance Reporting obligations www.iapf.ie Wh What do do we we mea mean by by ethi ethics?
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Wh What do do we we mea mean by by ethi ethics? cs?
- A group of moral principles or set of values
that define or direct us to the right choice
- Science of morals
- Am I doing the right thing?
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Ethi Ethics cs and and Pensions Pensions regulation regulation
- Minding other people’s money
80 billion Euro 600,000 members
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Rol Role of
- f the
the Pensions Pensions Authority Authority
- Support and guidance
- Encourage best practice
- Help raise standards
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Trusteeship Trusteeship
60,192 defined contribution schemes 933 defined benefit schemes
200,000
plus trustees
€80 billion in assets
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Trustee Trustee qu qualificatio alifications
- Pensions Act requirements
– S59A fit and proper person – Investment qualifications – Trustee training
- Pensions Authority minimum standards
– Know more than members – Time and commitment – Ask the right questions
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Trustee Trustee governance governance
Trustees should:
- hold regular meetings
- consider conflicts of interest
- take advice where necessary
- be familiar with scheme provisions
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Support Support and and guidance guidance avai available ble
- Pensions Authority website
- FAQs/Guidance
- Trustee handbook
- Trustee training/e‐learning
New developments
- DB – Financial management guidelines
- DC – Model documents
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Reporting Reporting ob
- blig
ligatio ations
- Mandatory reporting
- Voluntary reporting
- Protected Disclosure Act
- Ignorance is not a defence
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Pension Pension Authori Authority ethi ethics cs
- Two way street
Aim to be fair and consistent in our approach Clear and transparent procedures Help regulated entities know what is expected
- f them
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ETHICS & PENSIONS REGULATION
Q&A
(Please wait for the mic and state your name and company)
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THANK YOU
Grace Guy, Pensions Authority
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PRESENTATIONS
Presentations will be available on IAPF Website www.iapf.ie
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EVALUATION FORMS
Please fill in and leave at registration desk
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UPCOMING EVENT IAPF Benefits Conference
22nd October 2014 Convention Centre Dublin TRUSTEES GO FOR FREE!
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