Brian Buggy explains Ireland's new equivalent of stakeholder pensions following the Pensions (Amendment) Act 2002
April 24, 2002 at 08:03 PM
1 minute read
The original version of this story was published on Legalweek
On 13 April the Pensions (Amendment) Act 2002 was signed into law by the Irish President. The Act, which amends the Irish Pensions Act 1990 will come into operation by ministerial order on various dates commencing 1 June. The act will be ‘fleshed-out’ by detailed regulation in many instances. The main features can be summarised as follows:
Personal retirement savings accounts (PRSA)
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