Irish regulator consults on pension trustee qualifications

first_imgIreland’s pensions regulator may bar trustees without sufficient experience under proposals put out to consultation this week.The Pensions Authority said it launched the consultation to consider the impact of proposals for professional trustees, tabled by the European Commission in its initial draft of the revised IORP Directive but opposed by EU member states including the UK.The Authority’s consultation asked for advice on how a potential trustee qualification should be structured, as well as what information should be contained within a curriculum. It also asked the industry whether it should allow trustees currently active in the industry to continue working if they can demonstrate sufficient experience. The consultation asked: “If so, how do you think this should be managed – for example, what existing experience/expertise should get recognition?“How long should grandfathering last for? Should there be some form of testing for those with specified experience, such as an online test with ongoing CPD requirements?”The Authority asked for feedback by the beginning of October, with the consultation building on its previous work on the future of defined contribution (DC) funds in Ireland.Brendan Kennedy, head of the Authority, has previously said he would like to see the number of DC funds fall to around 100, which would see a significant reduction in the 200,000 people acting as pension trustees.He has said the ability of the trustees should be “at the heart” of the body’s regulatory work.last_img read more

Defoe Scores Two Penalties as Sunderland Holds Liverpool

first_imgHowever, Reds boss Jurgen Klopp will surely see it as two points dropped after his side led twice, had 71% of the possession and had 15 shots on target.Only an inspired performance from Black Cats keeper Vito Mannone denied Liverpool further goals, before Mane needlessly stuck out an arm to block Seb Larsson’s free-kick, costing his side dearly.To make things worse for Liverpool, Sturridge, who scored only his second Premier League goal of the season, limped off late on after clashing with Papy Djilobodji.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Two Jermain Defoe penalties meant Sunderland twice came from behind to earn a point against second-placed Liverpool.The Reds took a deserved lead when Daniel Sturridge flicked in a header after Dejan Lovren’s mishit shot.Sunderland equalised six minutes later as Defoe scored from the spot following Ragnar Klavan’s trip on Didier Ndong, before Sadio Mane put the visitors back ahead with a close-range finish.However, Mane then handled in his own 18-yard box and Defoe converted the penalty to snatch an unlikely point.The result leaves Liverpool five points behind Premier League leaders Chelsea, who play their game in hand on Wednesday at Tottenham (20:00 GMT kick-off).last_img read more