Fiduciary Duty in the 21st Century’s recommendations, the Ireland Roadmap
As a step towards implementing Fiduciary duty in the 21st century ’s recommendations, the Ireland roadmap sets out recommendations in four categories: regulation, capacity building, stewardship and intermediation and corporate reporting. Regulation The Pensions Authority should ensure that the Environment Social Governance (ESG)-related provisions of Institutions for Occupational Retirement Provision Directive (IORP) II are effectively implemented. In this context, we suggest that the Pensions Authority should: Issue guidance for pension funds and trustees as to how to ensure they are in compliance with the relevant provisions; and Set up a process for reviewing compliance and report annually on progress, lessons learned and the actions taken by the Pensions Authority where non-compliance is identified. As a key element of its wider programme of work, the Pensions Authority should continue to raise standards of Irish pension fund governance and risk management,...
