Governance and Support

Pension Scheme Secretarial

As a professional scheme secretary in Ireland, the primary responsibility is to ensure the efficient and compliant administration of occupational pension schemes. This includes maintaining accurate records, organising trustee meetings, and facilitating effective communication between trustees, members, and regulatory bodies.

The role of the scheme secretary has become increasingly important with the introduction of the IORP II Directive, which has strengthened the governance requirements for pension schemes in Ireland. The scheme secretary plays a crucial part in implementing and monitoring the scheme's compliance with the new IORP II rules, which focus on areas such as risk management, internal controls, and the oversight of key functions.

Under IORP II, the scheme secretary is expected to have a comprehensive understanding of the scheme's governance structure, decision-making processes, and the respective roles and responsibilities of the trustees and other service providers. This knowledge is essential in supporting the trustees in their fiduciary duties and ensuring the scheme operates in the best interests of the members.

The scheme secretary also plays a pivotal role in establishing and maintaining effective communication channels between the trustees, the scheme's administration team, and the scheme's members. This includes providing timely and accurate information to members, as well as facilitating their engagement and feedback.

As the custodian of the scheme's records and documentation, the scheme secretary is responsible for the secure storage and retrieval of all relevant information, ensuring compliance with data protection regulations and supporting any regulatory audits or inquiries. 

Assisting Pension Governance and Total Compensation Committees

As a professional trustee, we bring extensive expertise in pension fund and risk benefit management and governance to help ensure the long-term stability and security of your employees financial wellbeing. Our experience adds great value to both Pension Governance and Total Compensation Committees.

We provide impartial advice and support to committees in maintaining robust oversight and risk management of your employee benefits programs. Our proactive approach to governance includes regular reporting, compliance monitoring, and collaborative engagement with all stakeholders to uphold the highest standards of transparency and accountability. Partnering with a professional trustee like ourselves can provide your organisation with greater peace of mind, enhanced employee satisfaction, and the confidence that your pension and risk benefits programs are being managed prudently and in the best interests of your workforce. 

For further information, contact our team of pension trustee experts.