New bodies will strengthen governance and give consumers greater say
The Minister for Social Protection, Joan Burton TD, has today (6th March 2014) announced key appointments to the Pensions Authority and Pensions Council, the new bodies which will strengthen governance of occupational pensions and give consumers greater input into pensions policy.
Ms Jane Williams, the current chair of the Pensions Board, will chair the newly formed Pensions Authority.
Mr Jim Murray, former Director of the European Consumers Organisation (BEUC), will chair the Pensions Council.
Under the strengthened arrangements, the Pensions Board is being renamed the Pensions Authority to better reflect its key role of safeguarding the pensions of occupational pension scheme members and also the provision of information on occupational pensions.
Oversight of the Pensions Authority will be provided by a separate three-person board, comprising:
Ms Williams as Authority chair, Dr Orlaigh Quinn, Assistant Secretary in the Department of Social Protection, who will represent Minister Burton; and Ms Ann Nolan, Second Secretary in the Department of Finance, who will represent Finance Minister Michael Noonan. (more…)