IORP or not to P?

A major new piece of legislation with respect to pensions comes into force at the end of this year. It has the sexy title of IORP II EU directive. The long and short of it is that employers and pension trustees need to get their act together to make sure they meet the new rules. One of the world‘s largest professional advisors AON is urging employers to decide whether to keep their so-called “own trust“ model or switch to a new master trust in which employers pull their savings for their staff into a bigger pot. Mairead O’Mahony Head of Wealth Solutions at Aon IRL joined Joe Lynam on the show.