Key focus areas in the coming weeks
 

This quarter will be a busy one for standalone pension schemes, as Trustees manage the new governance obligations introduced by IORP II.


But where do you start? Some key things to focus on in the coming weeks are:

 

Task Timeline
IORP II policies and documentation Individual policies need to be reviewed in line with specified deadlines
Newly Appointed Key Function Holders Should be actively engaging with the Trustee Board
First Internal Audit Report First Internal Audit Report should be finalised shortly
Own Risk Assessment (ORA) Due in April 2024
Annual Compliance Statement Must be submitted in January 2024
The triennial critical review of both the Administrator and Investment Manager Needs to be completed by April 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For more information or support on any of the above, reach out to your relationship manager today.