The objective of IORP II is to continue the development of workplace pensions and retirement savings in Europe to provide pension scheme members with better and sustainable financial outcomes for life after work. Now that IORP II has been transposed into legislation across Europe, trustees have to comply with new and additional regulations in the areas of risk, pension scheme management, governance and member communication. Given the amount of work involved in incorporating IORP II, pension scheme trustees should not be waiting to implement their compliance strategies.
We have partnered with Timothy Corcoran of Benefits Services to provide pension schemes with an independent, compelling and competitive risk focused IORP II solution. By combining our philosophy, knowledge and experience within the pensions and risk management fields, we ensure better outcomes for members, trustees and employers that result in compliance with governing legislation and regulations.
With our solution, the role of the risk management function holder is fully outsourced through the appointment of one of our experts, while our risk team will provide support with the execution of the tasks related to the risk management function.