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? 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? www.iapf.ie

Ethi Ethics cs and and Pensions Pensions regulation regulation • Minding other people’s money 80 billion 600,000 Euro members www.iapf.ie

Rol Role of of the the Pensions Pensions Authority Authority • Support and guidance • Encourage best practice • Help raise standards www.iapf.ie

Trusteeship Trusteeship 60,192 defined contribution schemes 200,000 plus trustees 933 defined benefit schemes €80 billion in assets www.iapf.ie

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 www.iapf.ie

Trustee Trustee governance governance Trustees should: • hold regular meetings • consider conflicts of interest • take advice where necessary • be familiar with scheme provisions www.iapf.ie

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 www.iapf.ie

Reporting Reporting ob oblig ligatio ations • Mandatory reporting • Voluntary reporting • Protected Disclosure Act • Ignorance is not a defence www.iapf.ie

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 of them www.iapf.ie

ETHICS & PENSIONS REGULATION Q&A (Please wait for the mic and state your name and company) www.iapf.ie

THANK YOU Grace Guy, Pensions Authority www.iapf.ie

PRESENTATIONS Presentations will be available on IAPF Website www.iapf.ie www.iapf.ie

EVALUATION FORMS Please fill in and leave at registration desk www.iapf.ie

UPCOMING EVENT IAPF Benefits Conference 22 nd October 2014 Convention Centre Dublin TRUSTEES GO FOR FREE! www.iapf.ie