IORP II

What is IORP II?

IORP II is an EU Directive* that set new requirements for occupational pension schemes. The legislation for this was passed into law in April 2021 in Ireland. It resulted in increased requirements of pension scheme trustees.  Without significant changes, pension schemes won’t meet these requirements. The enhanced administration, increased governance and ultimately the substantial cost to schemes means alternative options are worth considering for trustees and members.   

If you want more detailed information about these regulatory requirements, you can refer to Your guide to IORP II. 

*The EU Directive on the activities and supervision of institutions for occupational retirement provision (the IORP II Directive).