Every pension scheme established under a Trust must have an authorised Registered Administrator to prepare Annual Benefit Statements and Trustee Annual Reports.
What Irish Life Corporate Business will do for you
If Irish Life Corporate Business is appointed as the Registered Administrator for Annual Benefit Statements and/or Trustee Annual Report, we will:
- Register annually with the Pensions Authority to act as Registered Administrator on your behalf for the agreed functions unless otherwise advised.
- When we have received the relevant information, we will issue fully compliant Annual Benefit Statements and/or Trustee Annual Report within statutory deadlines.
- Where we are the Registered Administrator for your Trustee Annual Report we will also complete the Annual Scheme Information (ASI) report and submit it to the Pensions Authority
What Trustees/Employers need to do!
Maintaining Scheme/Member Records
- Advise Irish Life Corporate Business of New Entrants or Leavers of the scheme in a timely manner.
- Submit full data yearly, within 4 months of the scheme renewal date to facilitate completion of the Annual Benefit Statements and/or Trustee Annual Report within statutory deadlines.
We can both meet our obligations without difficulty by working together. Once you provide us with accurate and timely data as outlined above, Irish Life Corporate Business will be in a position to ensure all your Registered Administrator requirements are met.