PRSA or Master Trust

On 22nd April 2021 the European Union (Occupational Pension Schemes) Regulations, 2021 known as the IORP II Directive, was transposed into Irish law. The IORP II Directive implements significant changes for all Irish occupational pension schemes, including one-member arrangements such as Executive Pension Portfolios (EPPs) and Small Self-Administered Pensions (SSAP’s). The new regulations restricted the underlying investments for Irish company pension schemes, as well as imposing additional regulatory and administrative burdens…….