Pension administrators risk prosecution if the regulator fails to meet deadlines

Earlier this month, the Pensions Authority stood by its pledge that no new one-person occupational pension schemes, which are normally set up by business owners, will be allowed to be set up after July 1.

Life insurers stopped setting up new systems on July 8 after a stark warning. The Pensions Authority was expected to allow a stay of enforcement because the Department of Social Protection had failed to submit the amendments for the Personal Retirement Account (PRSA) needed to replace the one-person occupational pension for entrepreneurs.

https://www.independent.ie/business/personal-finance/pensions/pension-trustees-risking-prosecution-if-regulator-wont-budge-on-deadlines-41846856.html Pension administrators risk prosecution if the regulator fails to meet deadlines

Fry Electronics Team

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