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APT appointed as registered administrator for Irish Permanent windup

APT secures the appointment to wind up the defined benefit scheme following a tender process undertaken by the Trustees.

Following a tender process undertaken by the Trustees of the Irish Permanent Staff Pension Scheme, Allied Pension Trustees Limited (APT) have been appointed to undertake the winding up of the scheme.


Change in priority order for DB schemes in wind up

Joan Burton announced a series of changes which include a change to the priority order for defined benefit schemes on wind up, together will a less tolerant approach for schemes which fail to meet a minimum level of solvency.

Apart from the cases of double insolvency, the change in priority order will have limited impact on the majority of schemes.




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