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The Institutions for Occupational Retirement Provision Directive II (IORP II)

23 Jan 19

The Institutions for Occupational Retirement Provision Directive II (IORP II) came into force on 13 January 2019. 

Firms impacted by this Directive include those that offer or may have offered an occupational pension scheme for its employees. One of the main aspects of IORPS II is the application of the legislation to occupational pension schemes with fifteen or more members. Members include both active and deferred members, as well as members receiving pension payments. Further information and FAQs can be found here.

Firms with schemes that may be caught by this Directive should contact us on iorpsii@gfsc.gi as soon as possible.