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Pensions Authority Update
The Pensions Authority recently released an update regards new legal obligations for trustees engaging in derivative contracts. These obligations arise from the European Market Infrastructure Regulation (EMIR). The purpose of EMIR is to enable Financial Authorities to better monitor the level of derivative contracts in the system.

Where pension scheme assets are invested in pooled vehicles there are no new requirements on trustees as the assets they hold are the units in the pooled funds, not the underlying stocks.

In the case of segregated schemes, Willis will contact their investment manager on an annual  basis and ask them to confirm they are meeting the obligations outlined in EMIR. We will pass this confirmation on to the trustees

If you wish to discuss further please contact your Willis consultant.
Ollie Fahey
Head of Investment
Tel: +353 1 6396321
Email: ollie.fahey@willis.ie